 The government's new international development policy and performance framework will drive exciting and important reforms within Australia's aid program. The world has changed and our aid program must change too. Many developing countries are growing rapidly, with foreign aid representing an increasingly small proportion of development finance. To be effective in this new context, Australia's aid policy needs to be more innovative and we need to partner more creatively with the key drivers of economic development to reduce poverty. We will consolidate the aid program to focus on what we do best and where we can make the biggest difference. We recognise the role trade plays in development, so we will use our aid to strengthen the private sector in ways that expands trading opportunities, creates jobs and grows the economies in our region. Aid for trade investments will be increased to 20% of the aid budget by 2020. Acknowledging the links between human development and economic growth, the aid program will continue to invest in education, health, reducing disaster risks and responding to humanitarian crises, recognising these as a necessary foundation for economic development. We will focus programs on empowering women and girls so they can take part in the formal economy, forging their own destinies and contributing to the well-being of their countries. Under the government's new aid policy, 80% of our aid investments will effectively address gender issues because everyone benefits from women's full participation in economic, political and social life. We will embrace partnerships which leverage different financial models and capture the brightest ideas from a wide range of sources to ensure we are at the cutting edge of responding to complex development challenges. Over the next four years, we will trial and test development innovations with a $140 million innovation fund, and we will become a founding partner in the Global Development Innovation Ventures program, a groundbreaking program supported by the United States and British aid agencies that will identify, test and scale up successful new approaches to development. And we will establish a new Development Innovation Hub within the Department of Foreign Affairs and Trade to come up with ideas and concepts that are outside the square. Australia will continue to be one of the world's most generous aid donors. The government has stabilised our aid budget at over $5 billion a year to ensure it is responsible, affordable and sustainable, increasing its CPI from 2016. A new performance framework with 10 high-level targets will drive the changes required in the aid program and ensure that it is effectively delivered. Funding will be directed to projects that make a real and measurable difference. Where projects don't deliver the results we expect, we'll cease funding them. When they do well, we will look for ways to expand or replicate them. Together, the new development policy and performance framework represent a paradigm shift for Australia's aid program. This will build an aid program that both projects and protects Australia's interests while effectively promoting economic growth and development to reduce poverty and lift standards of living in our region. We will make a positive difference to our world.