Staff Correspondent: Finance Minister AMA Muhith leaves here for South Korea on Sunday on a five-day official visit to take part in the Fourth Busan Global Partnership Forum.
The Government of the Republic of Korea will host its Fourth Busan Global Partnership Forum from 21-22 November 2017 in Busan, South Korea.
The Korean government launched the annual Busan Global Partnership Forum in 2014 with the aim of supporting the implementation of the Busan commitments at the country level and sustaining the ambitions of the Global Partnership.
Muhith is expected to return home on November 24. The Global Partnership for Effective Development Co-operation was created at the Fourth High-Level Forum on Aid Effectiveness in Busan in 2011 and came into effect in 2012. It brings together governments, bilateral and multilateral organisations, civil society and representatives from parliaments and the private sector all committed to strengthening the effectiveness of their development co-operation.
The Global Partnership tracks progress in the implementation of Busan commitments for more effective development co-operation through its monitoring framework comprised of a set of 10 indicators. These indicators focus on strengthening developing country institutions, increasing transparency and predictability of development co-operation, enhancing gender equality, as well as supporting greater involvement of civil society, parliaments and private sector in development efforts.
The monitoring framework is currently being refined to fully reflect the 2030 Agenda and will contribute to the review of targets for SDG 5 and 17 and implementation of the Financing for Development agreements.