Aid effectiveness forum in Busan
Approximately 2000 delegates will review global progress in improving the impact and value for money of development aid and make new commitments to further ensure that aid helps reduce poverty and supports progress in meeting the Millennium Development Goals.
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The European Union is the largest aid donor, with more than a half of global aid to developing countries coming from the EU. This is why EU and its Member States are committed to further improving the results of their aid, particularly through the EU Transparency Guarantee and EU Joint Programming of aid.
The major obstacles to cost-effectiveness of aid are to be found in the volatility of aid flows, the proliferation of donors and implementing organisations and the ensuing fragmentation of aid programmes into tens of thousands of projects. Working closely together with over 150 developing countries and other partners on the ground is the best way of making sure that we reach even more people and produce lasting results.
Examples from Mali, Niger or Mozambique show potential savings and benefits of joint actions applying basic aid effectiveness principles.
At the same time as aid effectiveness forum in Busan, the issue of climate change will be simultaneously discussed in Durban Climate Change Conference. Therefore it is important to adopt aid effectiveness principles to climate change finance to ensure that this finance supports partner countries' efforts to the maximum.
Find out more about EU position on aid effectiveness.