The international community is committed to helping partner countries meet the Millennium Development Goal of halving global poverty by 2015. Providing more effective aid and increasing its impact on development is one important contribution to this end. This report takes stock of progress made to align donor support with developing country poverty reduction strategies, harmonise donor policies and practices to reduce transaction costs, and manage aid resources with a focus on development result more...

According to latest reports, one in every five people lives on less than one dollar a day. One billion people still live in extreme poverty. The same amount of people lack access to safe drinking water. Nearly six thousand people die of AIDS each day. Adding to their misery, the climate change and rising oil prices are hitting the world's poorest people hardest.
To increase the pace and success of development activities, Paris Declaration on Aid Effectiveness was held in the year 2005, where g more...