Aid effectiveness#Paris Declaration on Aid Effectiveness.2C February 2005

The Paris Declaration on the effectiveness of development cooperation ( en: Paris Declaration on Aid Effectiveness) is an international consensus document, which was adopted on March 2, 2005 in Paris. It's also emerged largely from the follow-up process of the Monterrey Consensus out, summarizes recent developments and findings and sets out the essential prerequisites for effective development cooperation.

Vertices

• Ownership: Partner countries have the lead and responsibility in any development process.
• Alignment: Rather than establish parallel institutions, partner own bodies or institutions be used or supported in the process.
• Harmonization: Different institutions to coordinate their efforts.
• Focus on results: The declaration formulated twelve indicators of progress and to determine specific targets for the year 2010, the focus is on the result of development cooperation, and the defined objectives allow doing a standpoint- independent assessment. .
• Mutual accountability: donors and recipient countries to inform about their balance and perform peer reviews.