Paris Declaration on Aid Effectiveness

The Paris Declaration on Aid Effectiveness, established in 2005, is an international agreement aimed at improving how aid is delivered to developing countries. It encourages donor and recipient countries to work together more efficiently. The key principles include ownership, where countries take charge of their own development; alignment, meaning donors support national plans; harmonization, ensuring different donors coordinate efforts; managing for results, focusing on outcomes; and accountability, where both donors and recipients are responsible for their commitments. This framework seeks to make aid more effective in reducing poverty and promoting sustainable development.