G8 Deauville, G8/Africa Joint Declaration Shared Values, Shared Responsibilities, 26-27 May 2011

Sectors : Quality of aid, Transparency and accountability, Aid volume, Domestic resource mobilisation, Remittances
Organisation : G8
Date made: 
2011
Level: 
Heads Of State
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Commitments in: Governance - Transparency and accountability

“26. We encourage mutual accountability and transparency in the use of domestic and external resources for development and we encourage civil society and private sector stakeholders to foster accountability at all levels. Accountability mechanisms should monitor performance and provide for adequate incentives for compliance. We call on all donors and African partners to provide transparent and comprehensive information on aid flows and participate in multilateral accountability efforts. We welcome the determination of Japan to hold the TICAD Ministerial Meeting held in Dakar on 1 and 2 May despite the challenges caused by the recent disaster.”

Scope: 
Africa

Commitments in: Financing for Development - Quality of aid

“27. Ahead of the Fourth High Level Forum on Aid Effectiveness to be held later this year in Busan, Korea, we welcome efforts to implement the Paris Declaration and the Accra Agenda for Action. Major challenges remain such as involving new stakeholders in the development agenda, including new donors and the private sector, enhancing the impact of aid, limiting aid fragmentation through a better division of labor, strengthening institutional capacities, and increasing accountability and transparency. We call for a reinforced focus on the impact and outcomes of aid and development policies.”

Scope: 
Africa

Commitments in: Financing for Development - Aid volume

“28. Considering the remaining challenges, we stress the urgent need to mobilise a wide range of resources for development and global public goods. ODA is a key element for African developing countries, in particular least developed countries and fragile states. We reaffirm our commitments, including on ODA and enhancing aid effectiveness. In synergy with other sources of funding, ODA also serves as a catalyst for key development policies and to leverage for private investment for economic growth. We stress the need to go beyond aid and mobilize other resources as stated in the Monterrey consensus, including domestic resources, innovative financing, migrant remittances, market instruments used by development banks and private sector flows.”

Scope: 
Africa