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Busan Global Partnership Annual Forum
About the Busan Global Partnership Annual Forum
In 2014, the Korean government launched the Busan Global Partnership Annual Forum. It aims to show Korea’s strong commitment to accelerating the implementation of the Busan Principles and commitments at the country level, following the key role played by Korea in hosting the Fourth High-Level Forum on Aid Effectiveness (HLF-4) in 2011.
Three forums have been hosted since 2014 by the Korean government providing useful opportunities to around 550 development actors to share their knowledge and experiences in implementing the Busan Principles and commitments on the ground. Through mutual learning and practical discussions, the forums have contributed to achieving effective development.
What is the Busan Principles?
The Busan Principles were adopted at the Fourth High Level Forum on Aid Effectiveness (HLF-4) in Busan in 2011. Since then, they have served as useful guidelines for multi-stakeholders to achieve effective development at the country level, which is essential in implementing the 2030 Agenda for Sustainable Development.
The Busan Principles are composed of the four principles agreed by the international community―country ownership of development, a focus on results, inclusive development partnerships, and transparency and mutual accountability.
The Fourth High Level Forum on Aid Effectiveness (HLF-4)
The Fourth High-Level Forum on Aid Effectiveness, co-organized by the Korean government and the OECD, is the world’s largest and most prestigious forum in the area of international development. The Fourth Forum was held on November 29 to December 1 at the Busan Exhibition and Convention Center.
Over 3,000 participants including more than 100 ministers, 40 heads of international organizations, 90 parliamentarians, 300 partners from civil society organizations, and 100 representatives from the private sector and academia, participated in the forum.
At the forum, the participants assessed global progress in improving the quality of aid against the agreed commitments; shared global experiences in delivering the best results and further enhanced efforts globally and within countries to make aid more effective in reducing poverty and achieving sustainable development results.
In addition, building on these discussions, the Global Partnership for Effective Development Cooperation (GPEDC) was adopted to increase the impact of all forms of development cooperation and to collaborate with all development stake-holders. This declaration for the first time established an agreed framework for development cooperation that embraces traditional donors, providers of South-South cooperation, BRICs, CSOs and private funders.
The Third Busan Global Partnership Forum
The Third Busan Global Partnership Forum was held on October 6-7, 2016, in Seoul. Under the main theme of taking stock of progress since the GPEDC’s beginning and looking ahead toward the future, the two-day Forum provided useful opportunities to around 200 development actors to freely share their knowledge and best practices and learn from each other.
The Forum aimed to find GPEDC’s priorities and added value in light of the newly agreed the 2030 Agenda for Sustainable Development. At the same time, it tried to continue the positive momentum of previous forums and build on discussions in a coherent manner, particularly regarding the role of the GPEDC in achieving the Sustainable Development Goals (SDGs), a key theme of last year’s Forum.
During the Forum, the participants suggested useful guidelines for the future of the GPEDC. For example, proposals made for increased linkages included a call for more concrete action, a renewed mandate and a stronger emphasis on the country level, to support the 'localization' of the SDGs, and providing added value for policymakers.