The FINANCIAL — The World Bank, a champion of aid effectiveness, will be joining over 2,000 delegates in Busan, South Korea, this week to push the global agenda on making aid work better in the changing development landscape.The Bank was a major player in previous High Level Forum on Aid Effectiveness in Rome, Paris, and Accra and brings this experience to the 4th High Level Forum in Busan from November 29 to December 1.
The discussions in Busan will center on the role of emerging powers as development partners and examining the array of funding options and partnerships now available to help the poor.
A UK-based civil society group, Publish What You Fund rated the Bank as “best performer” in terms of aid transparency and ranked the institution 1 out of 58 donors in the 2011 pilot Aid Transparency Index. The Quality of Official Development Assistance Assessment sponsored by the Brookings Institution and the Center for Global Development also ranked the World Bank’s International Development Assistance as the top donor in transparency and learning category. IDA was also among the top three of 31 donors ranked in the top ten in all four dimensions−maximizing efficiency, reducing burden, fostering institutions, transparency and learning.
Three World Bank Vice Presidents− VP of Operations Policy and Country Services Joachim von Amsberg; VP of Concessional Finance and Global Partnership Axel van Trotsenberg; and VP of the World Bank Institute Sanjay Pradhan− will also be joining the Busan discussions on new approaches to development that have emerged since the Paris Declaration was formed.
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