World leaders will gather in Busan next week to shape the future of development cooperation. At issue: how to stretch tight budgets and deliver aid more effectively.

Public, private and nonprofit negotiators are already putting final touches on an outcome document expected to be signed at the end of the Fourth High Level Forum on Aid Effectiveness in South Korea’s second-largest city. There’ll be something for everyone, from aid transparency to country ownership and mutual accountability.

There’ll be criticism, for sure. Developing countries will demand more funding pledges, donors more accountability, civil society more transparency.

Last week, we asked, via Facebook, on which of the five principles outlined in the 2005 Paris Declaration on Aid Effectiveness the international community has made the most progress. The frontrunner: donors “harmonize” aid planning & evaluation. No votes so far for: recipients improve “managing for results.” It’s just a glimpse at the challenges the aid community faces.

Dominating the discussion in Busan will most likely be two topics: recent funding cuts by government donors (and whether the ongoing eurozone crisis will prompt even more of them), and country ownership (and how to increase it).

Devex has been covering the run-up to Busan from many angles. You can read about the negotiations, expectations and other breaking news in our Newswire. Our ”Full Disclosure“ blog features civil society guest contributions on aid transparency.

And just this month, we launched “Busannovate: Making the Money go Further,” a joint campaign with the United Nations Foundation to create a discussion around innovative financing for development.

Among the high-level Busannovate contribution is Brian Atwood, chair of the Organization for Economic Cooperation and Development’s Development Assistance Committee, which is hosting the HLF4 in Busan. Check out his guest opinion, as well as contributions by Grameen Bank founder Muhammad Yunus and Maura O’Neill, the U.S. Agency for International Development’s chief innovation officer.

We’ll continue to bring you the latest news and views from Busan, including exclusive guest opinions from some of the leading thinkers and doers from Antonio Tujan Jr., co-chair of the BetterAid Open CSO Platform on Aid Effectiveness, and Emele Duituturaga, interim executive director of the Pacific Islands Association of Non Governmental Organizations, to Franck Wiebe, the Millennium Challenge Corp.’s chief economist, and beyond.

To get you up-to-speed on Busan, here are some of our most recent headlines:

Read more news & views on Busan and check out last week’s Development Buzz.

About the author

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    Rolf Rosenkranz

    Rolf Rosenkranz oversees a talented team of in-house journalists, correspondents and guest contributors located around the globe. Since joining Devex in early 2008, Rolf has been instrumental in growing its fledgling news operation into the leading online source for global development news and analysis. Previously, Rolf was managing editor at Inside Health Policy, a subscription-based news service in Washington. He has reported from Africa for the Johannesburg-based Star and its publisher, Independent News & Media, as well as the Westdeutsche Allgemeine Zeitung, a German daily.

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