Through a policy brief, global civil society platform CSO Partnership for Development Effectiveness called on development stakeholders to uphold effectiveness principles in the global climate finance architecture.
The four effectiveness principles, also known as the Busan Principles, are the following:
Country ownership. Countries set their own national development priorities, and development partners align their support accordingly while using country systems.
Focus on results. Development cooperation seeks to achieve measurable results by using country-led results frameworks and monitoring and evaluation systems.
Inclusive partnerships. Development partnerships are inclusive, recognising the different and complementary roles of all actors.
Transparency and mutual accountability. Countries and their development partners are accountable to each other and to their respective constituents. They are jointly responsible for ensuring that development cooperation information is publicly available.
“As the international community seeks to scale up the delivery of climate finance, there is growing interest on how effectiveness principles could be applied to ensure relevance and greater accountability of international climate finance effectively. This paper highlights some of the key issues of interest to the international community in this respect, drawing on insights from the literature on climate finance, and the development community’s experience and lessons in advocating for aid effectiveness,” the document explains.
On this basis, the brief outlines an initial approach to examine the key components of effective global climate finance architecture, with reference to the administration and governance and the disbursement and implementation of climate change funding.
The document guided the platform’s engagements at the COP27 in Egypt. Download the full paper via this link.#