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The Council outlines the EU’s position at Busan

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Thursday, 17 November 2011

The Council outlines the EU’s position at Busan

Ownership and accountability are two of the main aspects that the EU wants to stress at the 4th High-level Forum on Aid effectiveness from 29 November to 1 December in Busan, South Korea. The Foreign Affairs Council this week issued the EU’s position for the forum, after the Commission had published a communication on the subject in September and the European Parliament had outlined its position in October.

Foreign affairs ministers highlight that the EU performs above average in implementing its commitments undertaken under the Paris Declaration and the Accra Agenda for Action, but that more progress was necessary. While there has been progress on developing country ownership of development projects, results are less satisfactory with regard to accountability and managing for development results. Ministers concede that the EU has not been successful enough in alignment, predictability and use of programme-based approaches to development. To reduce aid fragmentation, the European Commission has recently published the EU Donor Atlas 2011 which brings transparency to the EU’s development initiatives. In their position for Busan, foreign affairs ministers also vow to establish an EU Transparency Guarantee to increase accountability and predictability. They furthermore hold that it is important to strengthen accountability and transparency mechanisms in developing country governments, while stressing that mutual accountability frameworks and alignment with developing country priorities should be led by the partner countries.

With regard to development financing, the Council proposes to increase public-private partnerships and to give a stronger role to private initiatives. It calls on the private sector to take an active role in development cooperation through the promotion of joint innovation and inclusive business models and corporate social responsibility practices. The Council also recommends the creation of an enabling environment for private sector development in developing countries and suggests innovative financial instruments as well as a blending of grants and loans that enhance the catalytic role of aid in promoting private sector engagement and private sector development.

Source: CTA