Following the Paris High Level Forum on Aid Effectiveness (2 March 2005), the OECD-DAC Working Party on Aid Effectiveness was charged with taking the lead in “tracking and encouraging progress at the global level among the countries and agencies that have agreed to the Declaration”.

In accordance with paragraph 11 of the Paris Declaration, the Working Party has established the Joint Venture on Monitoring the Paris Declaration in order to:
-  Coordinate international monitoring of commitments and indicators.
-  To refine targets as necessary.
-  Provide appropriate guidance to establish baselines for the indicators.
-  Enable consistent aggregation of information on indicators across a range of countries to be summed up in periodic reports.

The Paris Declaration recognises that progress should be tracked both at the country level and at the international level. At the country level, it invites partner countries to take leadership in “periodically assessing, qualitatively as well as quantitatively, mutual progress in implementing agreed commitments on aid effectiveness. In doing so, appropriate country level mechanisms should be used.” At the international level, the Paris Declaration invites the monitoring process to be placed under the aegis of the Working Party on Aid Effectiveness.

The Joint Venture on Monitoring the Paris Declaration will focus its attention on three key activities:
-  Propose arrangements for medium-term monitoring of indicators and commitments.
-  Coordinate with ongoing work in the area of evaluation.
-  Report on progress in implementing the Paris Declaration.