ADB actively contributes to and influences the development of the global agenda on aid effectiveness.
From 29 November – 1 December 2011, ADB participated in the Fourth High Level Forum on Aid Effectiveness (HLF-4) in Busan, Republic of Korea alongside over 3,000 delegates from more than 150 countries, including representatives from developed and developing country governments, heads of bilateral and multilateral institutions, civil society organizations, local governments and parliamentarians, foundations, the private sector and academia. The high-level forums (HLF) on aid effectiveness are coordinated by the Organisation for Economic Co-operation and Development's (OECD) Development Effectiveness Committee (DAC). At these meetings, stakeholders from the international donor community, developing countries and civil society meet to discuss the most effective ways to manage the aid process. The first forum was held in Rome in 2003, followed by Paris in 2005 and Accra in 2008.
The main objectives of HLF-4 were to review progress on implementing the commitments and targets set by the Paris Declaration and Accra Agenda for Action, and to determine a future development cooperation framework to improve aid effectiveness in the broader context of development effectiveness. At the end of the three-day forum, participants endorsed the Busan Partnership for Effective Development Cooperation. This declaration establishes an agreed framework for development cooperation that embraces partner countries, development partners, emerging donors, civil society organizations and providers of private funds. This is the first time such an inclusive agreement has been achieved, marking a turning point for international development cooperation.
|2002||Monterrey International Financing for Development Conference agrees financing targets to achieve the MDGs; calls for a more effective way of giving aid to ensure these resources have the maximum impact possible on development.|
|2003||Rome HLF on harmonization: Donors agree to improve in-country coordination to reduce transaction costs for aid recipients.|
|2005||Paris HLF-2 and Paris Declaration on Aid Effectiveness: Donors and developing countries agree on 56 action-oriented commitments to improve the quality of aid. Commitments are monitored against 12 indicators.|
|2008||Accra HLF-3 and Accra Agenda for Action: All development actors—Development Assistance Committee (DAC) and non-DAC donors, developing countries, civil society organizations, parliamentarians and global partners—agree on actions needed to accelerate achievement of the Paris commitments.|
|2011||Busan HLF-4 and Busan Partnership for Effective Development Cooperation: All stakeholders, including emerging donors, civil society organizations, parliamentarians and providers of private funds committed to work together to achieve the 2015 Millennium Development Goals and improve development results over the longer term.|
ADB played a significant role at the high-level event on South–South Cooperation and Capacity Development in Bogota in March 2010, which facilitated interregional sharing of South–South cooperation initiatives and experiences. The event also explored synergies between good practices on South–South cooperation and aid effectiveness principles.
ADB and the United Nations Development Programme’s Regional Center in Bangkok, Thailand with other development partners, set up the Capacity Development for Development Effectiveness (CDDE) Facility in March 2009 to strengthen the capacity of partner countries to ensure development effectiveness in Asia and the Pacific. A multi-stakeholder community of practice on aid effectiveness has been established to promote South–South learning.
ADB is also a signatory to the International Aid Transparency Initiative, a multi stakeholder initiative spearheaded by the Department for International Development of the United Kingdom, which commits development partners to agree on common standards for the timely publication of comprehensive and comprehensible information on aid.