Paris Declaration on Aid Effectiveness
Paris, France, March 2, 2005
The Paris Declaration on Aid Effectiveness is presented in three sections, viz. the Statement of Resolve set out in Section I, the Partnership Commitments stated in Section II and twelve Indicators of Progress listed in Section III.
The Third High Level Forum on Aid Effectiveness met in Accra, Ghana in 2008 to review progress in implementing this Declaration.
Commitments from the Paris Declaration on Aid Effectiveness include:
The full text of the Paris Declaration can be accessed at: http://www1.worldbank.org/harmonization/Paris/FINALPARISDECLARATION.pdf
The Monterrey Consensus was the outcome of the 2002 Monterrey Conference, the United Nations International Conference on Financing for Development. It was adopted by Heads of State and Government on 22 March 2002. Over fifty Heads of State and two hundred Ministers of Finance, Foreign Affairs, Development and Trade participated in the event. Governments were joined by the Heads of the United Nations, the International Monetary Fund (IMF), the World Bank and the World Trade Organization (WTO), prominent business and civil society leaders and other stakeholders. New development aid commitments from the United States and the European Union and other countries were made at the conference. Countries also reached agreements on other issues, including debt relief, fighting corruption, and policy coherence.
Since its adoption the Monterrey Consensus has become a major reference point for international development cooperation. The document embraces six areas of Financing for Development:
The full text of the Monterrey Consensus can be found at: http://www.un.org/esa/ffd/monterrey/MonterreyConsensus.pdf
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