4th High Level Forum on Aid Effectiveness Article

The three-day High Level Forum on Aid Effectiveness (HLF-4), which is scheduled to take place at BEXCO, Busan from November 29th to December 1st, will provide a new vision and a strategy for international development cooperation and will be a milestone in enhancing Busan’s position on the global stage of development cooperation. About 2500 representatives, including ministerial delegations from 160 countries, leaders of major international organizations and civil associations, and members of the academia are expected to attend the 4th High Level Forum on Aid Effectiveness to discuss internationalprinciples and rules to eradicate poverty and realize development. The biennial/triennial High Level Forum on Aid Effectiveness is the most prestigious and largest forum in the area of international development cooperation. The 4th Busan HLF-4 follows previous forums held in Rome (Italy) in 2003, Paris (France) in 2005, and Accra (Ghana) in 2008. Especially as the forum is coming at a critical time while global challenges such as financial crises, food security, and climate change are emerging, it will serve as a historical opportunity to cast a new perspective on development cooperation for the 21st century. In addition, by emphasizing Busan as a historical venue for international development cooperation, the forum will create a significant economic impact for Busan, positioning this city as an even more competitive venue for majorinternational conferences and events.