As 2012 comes to a close, Devex ( International Development Executives) looks back at 6 big development business themes of the year.
In a bid to bolster their positioning in the global aid architecture, emerging economies are ramping up their aid spending and programming. As a full-fledged member of the OECD’s Development Assistance Committee, South Korea’s bilateral programs and multilateral contributions continued to scale. Drawing on their own experiences addressing development challenges, Brazil and Russia are among the new breed of donors stepping up to the plate.
The once spirited talk of a BRICS (Brazil, Russia, India, China and South Africa) multilateral development bank subsided quickly, but India and South Africa appear intent on pushing through with the expansion of bilateral aid agencies modeled after the U.S. Agency for International Development.
Read more: International Development - 6 big development business themes in 2012
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