Financing development from the South

The reinvigoration of South–South financial cooperation since the beginning of the twenty-first century has played a significant role in the emergence of a new Southern development finance landscape, in Africa, Asia and Latin America. Subregional development banks have built on their early successes and scaled up resources for long-term development, while South–South institutions have been established. New development and infrastructure funds have also been created. The China-led Belt and Road Initiative is up and running, already with palpable impacts in both Asia and Africa.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Reduced Inequalities