LONDON, Nov. 29, 2011 /CNW/ - As world leaders meet in Busan, South Korea, this week, for the Fourth
High Level forum on Aid Effectiveness, the Commonwealth is calling
participants at the international gathering to ensure that the outcomes
help drive more effective development.
"This summit represents a milestone for international development and is
a defining moment in the provision and use of global aid in a manner
that will revise and set standards for aid and development finance
policy for the future, said Commonwealth Deputy Secretary-General
Mr Smith, who is currently in Busan, said that that while progress has
been achieved in strengthening aid effectiveness in recent years - a
step that has contributed to better development results -- it is
generally agreed that while aid recipient countries have generally
progressed quite well in the last five years, the donor community has
moved far less swiftly.
"It is important that this Busan forum addresses this imbalance, and
comes out with clear guidelines for improving transparency and mutual
accountability between the donor and recipient community," Mr Smith
He added: "If Busan is to be successful it will need to set out a
framework which responds to the needs of the day and to the
contemporary challenges which the global community faces."
The Deputy Secretary-General explained that Commonwealth Heads of
Government as well as finance ministers have, at their recent meetings
in Perth, Australia and Washington DC, respectively, highlighted a
number of key areas where further reform in managing aid is needed and
made a number of recommendations which should be considered at Busan.
"They called on the international community to strengthen mutual
accountability backed by transparency and noted that success at Busan
will involve concrete commitments on these two elements," he said.
On her part, Ms Samantha Attridge, the head of International Finance and
Capital Markets at the Commonwealth Secretariat said: "Our aid
recipient partner countries have signalled clearly that the
international community needs to go much further than just renewing
their commitments at Busan but need to agree to a series of prioritised
concrete actions to ensure that these commitments are met in a time
bound manner. The Busan agreement should be supported by a post-Busan
monitoring framework which ensures that this can be monitored."
Ms Attridge, who is also in Busan, added that as well as building on the
principles and procedures of the previous High Level Fora in Paris and
Accra, it is equally important that discussions shift to consider aid
in the context of the broader development challenges that the global
community face today.
SOURCE The Commonwealth Secretariat
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