At the turn of the century, members of the United Nations all agreed upon the Millennium Development Goals, providing measurable targets for governments and donors alike.
In 2005, over one hundred donors and developing countries signed the Declaration on Aid Effectiveness at the High-Level Forum in Paris. In doing so they agreed for the first time to measure their success at making aid more efficient with a set of indicators and targets. This moved the aid effectiveness agenda beyond the general consensus reached in the Rome Declaration on Aid Effectiveness in 2003 to what is now a practical blueprint for donors and developing countries to enhance aid effectiveness and monitor each other’s progress, therefore improving mutual accountability.
The Fourth High-Level Forum on Aid Effectiveness (HLF4) which took place in Busan, Korea from 29 November to 1 December 2011 aimed both to evaluate progress already made towards achieving more effective aid, and to define an aid agenda for the future. After a lengthy and highly participatory negotiation process, the HLF4 concluded with the endorsement of the “Busan Partnership for Effective Development Co-operation” by over 160 countries including Rwanda and around 50 other organizations through which a new global aid partnership was forged.
During this meeting The Global Partnership for Effective Development Co-operation was established to ensure that development co-operation has the maximum possible impact on development results.