Aid Effectiveness is about improving the delivery and management of aid so that partner countries, in collaboration with other development actors, can more easily achieve their development objectives. While development needs far more than aid to be successful and sustainable, aid nonetheless still plays an important catalytic role for development in many countries and communities.
Since the Fourth High Level Forum on Aid Effectiveness in Busan, Republic of Korea in December 2011, and the establishment of the Global Partnership for Effective Development Co-operation (GPEDC), the aid effectiveness agenda has evolved beyond its traditional focus on donors and recipients to incorporate a broader approach towards effective development co-operation
By supporting country-led aid management, adopting a strong focus on development results and transparency and inclusiveness, and forging partnerships across the development spectrum, the World Bank is leading efforts to achieve improved aid effectiveness to support better development outcomes.
World Bank Performance on Aid and Development Cooperation Effectiveness
As the representative of the Multilateral Development Banks (MDBs) on the Steering Committee of the Global Partnership on Effective Development Cooperation the World Bank continues to provide strategic leadership to promote more effective development cooperation at the country and global level to support better development outcomes. The World Bank is also a member of the Steering Committee of the International Aid Transparency Initiative (IATI), a voluntary, multi-stakeholder initiative that seeks to improve the transparency of aid in order to increase its effectiveness in tackling poverty.
Evaluations including the 2012 Multilateral Organization Performance Assessment Network (MOPAN), and the 2013 United Kingdom Multilateral Aid Review recognize the World Bank’s overall effectiveness and contribution to development results. Publish What You Fund’s (PWYF) 2014 Aid Transparency Index has ranked the World Bank as seventh overall among the 68 donors and moving up in the ‘very good’ category.
Last Updated: Mar 31, 2015