The Paris Declaration
Signed by about 100 governments and aid agencies, the Paris Declaration lays out a practical, action-oriented roadmap to improve the quality of aid and its impact on development’ ‘It puts in place a series of specific implementation measures and establishes a monitoring system to assess progress and ensure that donors and recipients hold each other accountable for their commitments. The agreement outlines five main principles:
- Ownership: Developing countries set their own strategies for poverty reduction, improve their institutions and tackle corruption.
- Alignment: Donor countries align with these objectives and use local systems.
- Harmonisation: Donor countries co-ordinate, simplify procedures and share information to avoid duplication.
- Results: Developing countries and donors shift the focus to development results and measuring results.
- Mutual accountability: Donors and partners are accountable for development results.
Source: Organisation for Economic Co-operation and Development (OECD)