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IDB signs joint statement of Global Partnership for Effective Development Cooperation

MEXICO CITY, Mexico – The Inter-American Development Bank (IDB) has signed a joint statement, along with other multilateral institutions, governments, private sector entities and civil society organizations, aimed at pursuing inclusive and sustainable development worldwide.

The statement was released April 16 in Mexico City, at the conclusion of the First High Level Meeting of the Global Partnership for Effective Development Cooperation (GPEDC).

Supported by 161 countries and 54 organizations – including the IDB and 16 of its member countries – the GPEDC aims to bring governments, the private sector, civil society and others together to maximize development impact.

The GPEDC was established in 2012 following the Fourth High Level Forum on Aid Effectiveness in Busan, Korea in which development actors, including the IDB, affirmed their commitment to four key development principals: country ownership of development priorities; a focus on results; inclusive development partnerships; and transparency and accountability.

At the Mexico meeting, more than 1300 development leaders convened to “review global progress in making development cooperation more effective, agree on actions to boost progress, and anchor effective development cooperation in the post-2015 global development agenda.”

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