Maximizing impacts of aid

A high-level meeting will be arranged in Luxembourg to address ways to increase development impact of aid on 18-19 October

Some 150 representatives from governments, international and regional organizations, UN system, civil society, academia and the private sector will gather for the high-level symposium of the Development Cooperation Forum (DCF) on “Working together to increase the development impact of aid”.

The symposium will reflect how best to effectively mobilize financial flows such as investment, trade and domestic revenues to maximize the development impact of aid. It will thus explore how aid can enable developing countries to mobilize investment and other types of development finance – with the goal to build their productive capacity and engage on a sustainable development path.

The two-day event is the second of several country-led meetings planned in the run up to the 2012 Economic and Social Council (ECOSOC) biennial Development Cooperation Forum (DCF), to be held in New York, at the end of June. The DCF will promote development cooperation that makes tangible and concrete contributions towards improving the lives and rights of people, promoting sustainable development, and reducing inequality between and within countries – including between men and women.

The Luxembourg Minister for Development Cooperation and Humanitarian Affairs Marie-Josée Jacobs will address the meeting on Tuesday, 18 October during the opening of the event where ECOSOC President Lazarous Kapambwe and Deputy Secretary-General Asha-Rose Migiro are expected to speak. Liberian Minister of Finance Augustine Ngafuan, and more than 10 ministers as well as Southern and Northern policy-makers will participate.

Amidst efforts to recover from the global financial crisis, the current economic uncertainty and volatility present serious concerns to development cooperation and the achievement of the MDGs. The DCF can help mobilize countries to scale up development cooperation, making it more effective and coherent.

The event will also provide a unique opportunity to further strengthen the voice of developing countries and to promote strong national ownership and leadership in development cooperation. It will be organized around four sessions with panel discussions and interactive dialogue, addressing the following topics:

  • How to maximize the development impact of aid: Mobilizing development finance to achieve the MDGs;
  • Aid to catalyze domestic and external resources: What have we learned?;
  • Key messages from the Luxembourg High-level Symposium from stakeholder consultations and discussions in preparation of the Busan High-level Forum on Aid Effectiveness, to be held in November 2011 in the Republic of Korea, and the preparation for the 2012 Development Cooperation Forum, to be held in July 2012 in New York

The Government of Luxembourg is hosting the meeting. A press conference will be organized at the Centre Culturel de Rencontre Abbaye de Neumünster in Luxembourg at 11:00 am on 18 October.

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