The European Union is targeting improved aid effectiveness via twin approaches introduced by Development Commissioner Andris Piebalgs at the recently concluded aid effectiveness forum in Busan, South Korea.
The EU Joint Programing aims to provide EU donors a common ground to work together on aid delivery and divide responsibilities more efficiently. Donors would also work closely with partner countries to identify priority areas and determine which particular donor would work on which sector before money is allocated.
“Joint programming helps to increase impact and the results of aid, improves coordination amongst donors and increases transparency and predictability,” the EU said.
Aid transparency and predictability were among the key points of the new global development partnership adopted by delegates to the Fourth High-Level Forum on Aid Effectiveness in Busan.
The EU is also set to launch its own transparency guarantee that would require member states to publicly disclose information about their aid programs. Dubbed the ‘TR-AID’ system, this online guarantee would allow EU citizens and those in developing countries to better access and use information about how EU member states allocated their aid money.
Read more development aid news online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders — emailed to you FREE every business day.