Development’s New Donors
The rise of new development partners – emerging markets that are channeling billions of dollars to developing countries – opens possibilities for fresh ideas and resources to help overcome poverty, sustain inclusive economic growth, and address global issues such as food security and climate change. An upcoming conference in Moscow promises to help realize these opportunities.
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MOSCOW – In 2006, when Russia’s government hosted a G-8 meeting on cooperation with emerging development donors, it planted a seed that had great growth potential. Today, new development partners are increasingly prominent in the global architecture, providing steadily rising aid contributions of different types.