Busan Partnership for Effective Development Co-operation

The Busan Partnership for Effective Development Co-operation, established during the Fourth High Level Forum on Aid Effectiveness in Busan, South Korea, emphasizes a new, inclusive global development partnership. It highlights the importance of shared principles, such as ownership of development priorities by developing countries, a focus on results, inclusive development partnerships, and transparency and accountability. The document acknowledges the evolving landscape of international development, with increased roles for South-South and triangular cooperation, and the private sector. It calls for improved quality and effectiveness of development cooperation, addressing challenges like poverty, inequality, and fragility, and promoting sustainable development through resilient institutions and policies.