Development aid conference starts in Vietnam
International aid experts from the World Bank, UN and other development agencies and 40 nations met in Vietnam on Monday for a four-day conference aimed at making global development efforts more effective.
The Hanoi meeting will study ways of making worldwide foreign aid -- which, organisers said, reached a record 87 billion dollars in 2005 -- more effective in eradicating poverty.
The Third International Roundtable on Managing For Development Results will bring experts and officials from the UN Development Programme and the Organization for Economic Cooperation and Development.
The Asian Development Bank, African Development Bank, Inter-American Development Bank and scores of aid agencies, non-profit groups and private companies were also expected at the meeting.
The conference follows similar meetings in 2002 in Monterrey, Mexico, where world leaders called on rich countries to give more aid and on poor countries to use it better, and a similar roundtable in Marrakech, Morocco in 2004.
At a 2005 meeting in France, 60 donor countries and 60 aid recipients endorsed the Paris Declaration to increase aid harmonisation and accountability and greater decision-making powers for the receiving country.
Host Vietnam has been praised for its poverty-eradication programmes, and has been chosen as a pilot country in which separate UN agencies will streamline their operations to work under a common leadership and budget.
The World Bank in Vietnam plans on Tuesday to announce that it will provide Vietnam with over four billion dollars in interest-free credit until 2011 to continue its poverty reduction and development efforts.
The Third International Roundtable on Managing For Development Results will bring experts and officials from the UN Development Programme and the Organization for Economic Cooperation and Development.
The Asian Development Bank, African Development Bank, Inter-American Development Bank and scores of aid agencies, non-profit groups and private companies were also expected at the meeting.
The conference follows similar meetings in 2002 in Monterrey, Mexico, where world leaders called on rich countries to give more aid and on poor countries to use it better, and a similar roundtable in Marrakech, Morocco in 2004.
At a 2005 meeting in France, 60 donor countries and 60 aid recipients endorsed the Paris Declaration to increase aid harmonisation and accountability and greater decision-making powers for the receiving country.
Host Vietnam has been praised for its poverty-eradication programmes, and has been chosen as a pilot country in which separate UN agencies will streamline their operations to work under a common leadership and budget.
The World Bank in Vietnam plans on Tuesday to announce that it will provide Vietnam with over four billion dollars in interest-free credit until 2011 to continue its poverty reduction and development efforts.
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