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Consumer and business finance companies and microcredit organizations have had limited success in serving the needs of economically-active low-income families and micro-enterprises in Southern countries. Recent advances in computing and telecommunications technology are dramatically transforming this landscape by changing the way the financial industry operates. A key mechanism underlying this...

The New Development Bank and the Asian Infrastructure Investment Bank models of multilateral development finance bring to life an Asian approach to South-South cooperation that relies on infrastructure development to catalyze industrialization, spur economic growth, and ultimately help countries to achieve Sustainable Development Goals. Despite their different governance, operational models,...

Constant shifts in the global reality have challenged human development to exceed average expectations. From tackling innovative sustainable growth barriers to managing the global upkeep with rapidly transforming digital technologies, there is a consistent need for economies to collaborate, innovate and change for the betterment of their societies. In light...

The High-level Forum of Directors General for Development Cooperation (DG Forum) is a platform for national development cooperation agencies and institutions implementing South-South and triangular cooperation. Other stakeholders and practitioners of South-South and triangular cooperation are also invited to the Forum. The twelfth annual DG Forum, held online from 17...

Addressing the United Nations Sustainable Development Goals requires thorough consideration by governments, public and private institutions, the private sector and other stakeholders. The variance in the level of development of countries from the global South, and the connections between them, calls for robust South-South cooperation modalities and instruments that can...

This report undertakes an in-depth examination of the potential role of South-South Cooperation (SSC) in supporting sustainable LDC graduation. Two avenues of SSC are considered: trade-related cooperation and extended support through concessional financial flows. It stresses that both avenues are mutually reinforcing. Analysis reveals that LDCs are increasingly integrated with...