In June 2010, the Government of Bangladesh and 18 development partners signed a Joint Cooperation Strategy, which lays the ground for accelerated implementation of the Paris Declaration and the Accra Agenda for Action in the country.
The objectives of the strategy are:
- Reducing project fragmentation and high transaction costs for all partners by strengthening national lead and coordination;
- Focusing more on donor alignment to the GoB priorities and systems;
- Ensuring more accountability and predictability of aid flows;
- Augmenting common agreement of expected development outcomes at national and sector levels for the coming years.
The Strategy is underpinned by a Joint Action Plan for 2010/2011 and the Government and its partners are in the process of agreeing a Development Results Framework for effectively measuring the progress and facilitating monitoring based on the national 6th Five Year Plan. Other priority actions include reform of the sector working groups and the setting up of an effective mechanism for mutual assessment of progress.
Bangladesh is an important actor in global development cooperation and aid effectiveness fora, such as the UN Development Cooperation Forum, the WP-EFF and IATI.