In the past few years, the world has faced a number of unprecedented crises that further highlight the importance of international cooperation. But despite the increasing need for foreign assistance, some of the largest bilateral donors are reducing their aid budgets.
For so long, development aid has come from a few wealthy countries, most of which are part of the Development Assistance Committee. But since the late 20th century, several countries have successfully transformed themselves from being aid recipients to donors.
These are referred to as emerging donors.