The main focus of the official Austrian developmental cooperation is the reduction of poverty.
The Millennium Development Goals (MDGs), which are to be achieved by 2015, focus among other things on the permanent reduction of poverty worldwide in its various dimensions. Its importance is primarily due to the fact that three quarters of the world’s population live in poverty, primarily in rural areas.
In March 2005, the governments of the “giving” and “receiving” countries, together with representatives of multinational institutions and civilian organizations, introduced the “Paris Declaration on Aid Effectiveness” (in the “Accra Agenda of Action” an interim balance was introduced in 2008) and the Busan Development Partnership. With these they expressed the intention to reform the modalities of executing and administering development cooperation to be able to take a further step towards the attainment of the Millennium Development Goals (MDGs).
In 2011, the Busan Development Partnership (“Busan Partnership for Effective Development Co-operation”) validated the Principles of Paris and Accra. Further an international framework for development cooperation was created and agreed upon in Busan, which includes all the protagonists: the “traditional” givers, civil society, private industry and for the first time also the emerging countries, which includes the “new givers”: Brazil, China and India.