It has been two years since 160 countries and 46 organisations forged a vision for the future of effective development co-operation at the Fourth High Level Forum on Aid Effectiveness (HLF-4) in Busan, the Republic of Korea. In the context of an ever-changing development landscape, participants of the Busan meeting agreed to create a new, inclusive platform open to various stakeholders, and launched the Global Partnership for Effective Development Co-operation, on the basis of four shared principles: country ownership, focus on results, inclusive partnership, and transparency and accountability.
Since the launch of the HLF-4, Korea has joined international efforts to implement these four Busan principles, in line with its commitments to development co-operation after joining the OECD-DAC and establishing the Framework Act on International Development Co-operation in 2010.
Korea is also striving to create a more inclusive and effective partnership between development actors at the national level. One example is the ‘Development Alliance Korea‘ (DAK) that was launched in August 2012. The Alliance is Korea’s national platform to forge innovative public-private partnerships for effective development co-operation. It brings together over 180 actors from government, business, civil society and academia, and allows them to share knowledge and develop joint projects.
Korea International Cooperation Agency (KOICA) is also taking steps to improve development co-operation towards a better-tailored and more effective provision to the needs of each country. With 44 country offices around the world, KOICA aims to align its work on the ground with the overall strategy of the government, including by holding comprehensive consultation meetings with host governments and other key development actors.
Korea fully understands and advocates the values of inclusive and effective development partnership, as it has been a living showcase of achieving such partnership.
By catalysing the limited resources of development assistance from the international community, Korea came out of extreme poverty and then overcame the “middle-income trap” through utilising those resources effectively. Such experience of effective development partnership was the motivation for us to host the HLF-4 in Busan in 2011 and to make substantial contribution to the strengthening of the Global Partnership, which was formulated in Busan.
Korea strongly believes that the Busan Global Partnership can serve as a platform to facilitate quality-centered co-operation that will bring about real change. And with this vision in mind, the success of the Global Partnership will ultimately depend on whether its stakeholders live up to our commitments.
Dong-ik Shin is Deputy Minister for Multilateral and Global Affairs at the Ministry of Foreign Affairs of the Republic of Korea. He has pursued a diplomatic career for 32 years since 1981. Formerly, he was Ambassador and Deputy Permanent Representative of the Korean Permanent Mission to the United Nations in New York, U.S.A.