The effectiveness of development aid in achieving economic or human development (or development targets).
See Paris Declaration on Aid Effectiveness
Improved Aid Effectiveness “requires strengthening development partners’ harmonisation and alignment with the policies of partner countries, with the aim of enhancing partner country ownership, reducing aid delivery transaction costs, avoiding overlapping and contradictory interventions, and increasing the accountability of both sets of partners to their sources of finance.”
Paris Declaration Evaluation (Terms of Reference) http://www.oecd.org/dataoecd/44/0/39493365.pdf
“Emerging consensus on aid effectiveness (for example in the Organisation for Economic Co-operation and Development's (OECD's) Development Assistance Committee (DAC) points to the importance of aid that is country-owned, aligned and harmonised, focused on the poorest, predictable and untied, delivered through effective institutions, and that focuses on results not inputs. Donors should also use minimal conditions, strengthen accountability and participation, and ensure their own policies are joined up behind the country's poverty strategy.”
Department for International Development – United Kingdom
For more info: OECD – Development Assistance Committee (DAC)http://www.oecd.org/department/0,2688,en_2649_33721_1_1_1_1_1,00.html