Post-Busan meeting proposes new aid effectiveness indicators

Untied aid, mutual accountability and transparency are among areas covered by 10 aid effectiveness indicators expected to shape a new global strategy for monitoring development aid.

The indicators — which also cover women’s empowerment and the role of the private sector in development — were agreed at a May 22 follow-up meeting to last year’s high-level aid effectiveness conference in Busan, South Korea.

Participants at the meeting also proposed a governance structure for the new global partnership outlined in the outcome document adopted in Busan. They agreed on creating an 18-member steering committee that will include three co-chairs, three donor country representatives and five from developing countries.

Further, the participants proposed a partnership between the U.N. Development Program and Organization for Economic Cooperation and Development to support the global partnership. UNDP will provide development expertise while OECD will bring on board its analytical experience, the Guardian says.

The proposed indicators and governance structure will be presented for approval at an upcoming Working Party on Aid Effectiveness meeting, which is expected to draw in delegates from more than 80 countries and international organizations.

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.

You have 2 free articles left
Log in or sign-up to unlock all of the free news on Devex.

About the author

  • Ivy mungcal 400x400

    Ivy Mungcal

    As senior staff writer, Ivy Mungcal contributes to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.