New aid effectiveness indicators agreed at post-Busan meeting

Participants at a follow-up meeting to the Busan conference on aid effectiveness have agreed a set of indicators that will provide the basis for a global monitoring framework for development assistance. The extent to which emerging donors will sign up to these indicators remains unclear, however, as their participation will be on a voluntary basis, as specified in last year's outcome document in South Korea.

Agreement on the 10 indicators put forward by the UK and Rwanda followed two days of talks at the Paris headquarters of the Organisation for Economic Co-operation and Development (OECD), the club of 34 developed nations. The indicators cover areas such as untied aid, transparency, mutual accountability, the role of the private sector, and women's empowerment.

The post-Busan interim group also agreed on a steering committee of 18 members that will play a "strategic agenda-setting role". It remains to be seen whether any of the donors from Bric (Brazil, India and China) countries will be part of this committee, given their insistence that their participation in the monitoring framework should be voluntary.

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