African Leaders welcomed the relevant outcomes of the Fourth High Level Forum (HLF-4) on Aid Effectiveness held in Busan, Republic of Korea in December 2011 and strategized on the implications for the Continent.
The curtains are closed on the 4th High Level Forum on Aid Effectiveness. The Forum provided the opportunity for developed and developing countries to affirm commitment to build a new global partnership in promoting effective development cooperation.
Over the last decade, aid policy debates have increasingly centered on how to make aid more effective. Global frameworks such as the Paris Declaration and the Accra Agenda for Action captured the importance of partnerships in the management of aid.
While Africa has been a happy hunting ground for exploiters of minerals and agricultural products, the time has come to examine closely the value chain around each commodity to find where value addition can benefit African rather than foreign interests
The HLF-4 reviewed experience since Paris, and drew conclusions on whether the commitments and targets set for 2010 by the Paris Declaration and the Accra Agenda for Action have been achieved or not - and why.
South-south cooperation can bridge the gap in lack of capacities African countries face while dealing with developmental problems by sharing interests in furthering ownership of a particular intervention.