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Asia Foundation Hosts Key Events at Fourth High Level Forum on Aid Effectiveness (HLF4) in Busan, Korea

Experts and officials to deepen Asian approaches to development cooperation

San Francisco and Busan, November 23, 2011 — With rising aid volumes and a growing number of development actors, this is a timely and crucial moment for the international community to come together to discuss the effectiveness of aid delivery and development. Against this backdrop, The Asia Foundation – a non-profit international development organization – has organized a side event on November 29 for sharing Asian innovations and insights at the Fourth High Level Forum on Aid Effectiveness (HLF4) in Busan, Korea. Asia Foundation president David D. Arnold will lead a delegation to HLF4, where more than 2,000 representatives of governments, civil society, and the private sector from both recipient and donor countries will convene to establish a more inclusive framework for development cooperation.

With Korea as the host of the HLF4, there will be considerable attention to the successful development experience of Korea and other Asian countries. Many Asian countries have emerged as important development cooperation actors, bringing their own approaches and innovations to the existing international aid framework. As development challenges have emerged and evolved over the years, so has the form and function of development assistance. Two decades ago, OECD DAC donor aid constituted 80 percent of total aid; today, this amount is closer to 50 percent.

“Asia has the potential to be the main engine of growth and development this century,” said David D. Arnold, president of The Asia Foundation. ”It gives me great pride to help shape the dialogue on Asian approaches at the Fourth High Level Forum on Aid Effectiveness. The diversity in perspectives and experiences from the Asia-Pacific region remain a significant and vital part of today’s aid effectiveness and development discourse.”

On November 28, Mr. Arnold will keynote the pre-HLF4 conference, “Toward a Global Compact for Development Effectiveness,” co-sponsored by the Foundation, in cooperation with the Korea Development Institute (KDI), and the Korea Association for International Development and Cooperation (KAIDEC) at the Centum Hotel.

In conjunction with HLF4, on November 29, the Foundation was selected to host an HLF4 side event in partnership with KDI and Vietnam’s Ministry of Planning and Investment (MPI), “Emerging Asian Approaches to Development Cooperation.” Moderated by Mr. Arnold with commentary from AusAID Director General Peter Baxter, the event will bring together experts from China, India, Vietnam, and Korea to discuss emerging Asian approaches to development cooperation and Asian countries’ experience  as both aid recipients and aid donors, often simultaneously.

To address the gap between emerging and traditional donors, the Foundation this past year has collaborated with KDI to convene a series of policy dialogues on Asian Approaches to Development Cooperation. This dialogue involving development cooperation officials, policy analysts, and implementing partners from China, India, Korea, Malaysia, Singapore, and Thailand—has revealed some intriguing similarities, as well as some important differences, among these countries with regard to the philosophy, purpose, and modalities of development assistance. A new book, Emerging Asian Approaches to Development Cooperation, summarizes the dialogue series; it will be released at HLF4 and available on the Foundation website.

Read more insights from Foundation experts on Asian Approaches to Development Cooperation in the November 30 edition of In Asia.

For media inquiries, please visit the Press Room.

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