Bank Group President Meets with South African Finance Minister

04/09/2008
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Bank Group President Meets with South African Finance Minister

Bank Group President, Donald Kaberuka, on Thursday, September 4, 2008, in Accra, Ghana, met South African Finance Minister, Trevor Manuel on the sidelines of the High Level Forum on Aid Effectiveness taking place in the Ghanaian capital. They discussed issues of mutual interest to the Bank Group and South Africa. Mr. Kaberuka had earlier met with OECD Secretary-General, Angel Gurria, and Swedish Minister for International Development Cooperation, Gunilla Carsson, on Wednesday.

The Accra forum has enabled participants to focus on alignment and take stock of the limited progress towards agreed targets for 2010. There is therefore an urgent need to speed up on the delivery of Paris Declaration commitments. In this regard, panelist of the Alignment roundtable have concluded that donors need to reduce conditionality, and should shift away from unilaterally imposed policy conditions towards accountability on results, stronger dialogue between partners and medium-term assessments of performance. They have also concluded that donors need to make greater use of country systems to support on-going strengthening, advising that partners need to continue efforts at improving such country systems.

Aid, they said, must be made more predictable through multi-annual commitments on a rolling basis and innovative financing and delivery modalities. Donors and partner countries, they stressed, must address the legal and administrative constraints limiting their capacity to meet the 2010 targets. The political support needed for these reforms calls for discussions on alignment to be opened up to all relevant stakeholders, such as Civil Society Organizations and national parliaments, they emphasized.

Speaking on the first day of the forum, the Advisor to the Ghanaian President, Mary Chinery-Hesse, noted that fast-tracking the implementation of the Paris process would help address growing inequalities of income and opportunity within countries and between states with a view to enhancing global progress. She added that aid effectiveness was about generating better development results to counter such inequalities. "This ought to be at the heart of all we do," she said, emphasizing that both developing and developed countries needed to fulfill their commitments to the Paris Declaration on development effectiveness