Development cooperation aims to foster long-term economic growth, enabling recipients to eventually become donors themselves. We’ve witnessed this transformation with South Korea and Japan, both of which transitioned from aid recipients to major donors and members of the Development Assistance Committee, or DAC. However, emerging donors often differ significantly from traditional ones in their approach to development cooperation.
In this Devex Pro-funding report, we’ve compiled insights on how emerging donors provide alternative funding sources for low- and middle-income countries, often easier to access than official development assistance, or ODA. From unique recipient selection methods to diverse mechanisms for supporting development, economic, and humanitarian activities, these new donors present both opportunities and challenges.
What you’ll discover in this report:
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