The Fourth High-Level Forum on Aid Effectiveness adopted a declaration titled the "Busan Partnership for Effective Development Cooperation." The Forum reviewed global progress on aid effectiveness, including a review of targets set in the 2005 Paris Declaration on Aid Effectiveness, shared experiences in delivering the best results, and developed new commitments toward effectiveness of aid in reducing poverty, achieving the Millennium Development Goals (MDGs), and supporting development beyond 2015.

The Forum (HLF-4) took place in Busan, Republic of Korea, from 29 November-1 December 2011, and was organized by the Republic of Korea and the Organisation for Economic Co-operation and Development (OECD). According to the Forum’s press release, the declaration was negotiated and agreed by 18 sherpas elected to represent a wide group of stakeholders.

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