Friday June 22
Over the past few decades, global financing for development has changed dramatically. The growing importance of emerging economies in the world economy calls for a paradigm shift in development cooperation and the pursuit of new, more inclusive partnerships to maximize the impact of all sources of development finance. New forms of South-South cooperation (among developing countries) are gaining ground by bringing to the table not only additional financial resources to fill critical funding gaps (such as in infrastructure) but also developing countries’ own knowledge and experience in addressing development challenges at home.
On June 22nd, the World Bank hosted a new dialogue series in coordination with Indian think-tank Research and Information System for Developing Countries (RIS) about the shifting dynamics of the world economy and changing role of new development partners.
Learn more about the New Development Partner series www.worldbank.org/ndpseries and replay the event's video and liveblog below.
Read what others are asking
What countries is India interested in supporting with their development aid - neighboring countries or countries where India has political interests?
Will these 'new donors' be competing with development organizations like the World Bank, DFID, etc., or are they likely to collaborate? How different are their agendas for development?
How will the countries who are becoming donors choose where to put their funds and measure the impact of their development assistance? Are there international standards that others already follow that they'll be held accountable to?
Jack K. Malloy
How will India balance it's international aid with all of the poverty it still has to deal with domestically?
What are some tangible things we can do to start capturing and taking account of the learnings of new development partners? How can we make systems more open to non-financial types of aid?
What does this mean for South Africa - will we have more influence now? It would be good if we had more say in the type of aid that goes to the countries across Africa, because we really see the impact it can have when spent well.
Willem du Toit
How does the newly evolving bilateral aid (government to government) practiced by China and other developing countries fit into existing multilateral aid architecture?
Are Sino-African relations up for discussion at this forum? Will China's form of aid be regarded as the new frontier for development partnership? It seems China listens more to the needs of its development partners and is willing to direct aid to where it is 'needed' most.
Nana Esi Hammah
Will there be a time when Multilateral institutions such World Bank..IMF become irrelevant with growing south-south bilateral assistance. Do you see a diminishing role for World Bank and other regional institutions? In other words, will these institutions lose their competitive advantages?