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Forum for the Future of Aid

Southern Voices for Change in the International Aid System Project

The Forum on the Future of Aid is an online community dedicated to research and opinions about how the international aid system currently works and where it should go next

organised by ODI

New Developments in South-South Cooperation: China ODA, Alternative Regionalisms, Banco del Sur

By Isabel Ortiz

South-South cooperation is becoming increasingly important given criticisms on the current process of globalization. Since the 19th century, non-hegemonic countries and regions forged alliances as a strategy to reduce dependency and dominance from Northern powers. At the beginning of the 21st century, Southern countries remain associating to promote South-South cooperation. This article focuses on new developments in South-South Bilateral ODA and Investments (Emergence of China), the alternative regionalism in the South (Emergence of MERCOSUR and ALBA) and South-South multilateral Banks (Arab Development Banks, CAF and the potential of Banco del Sur)

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