BRICs’ Philosophies for Development Financing and their Implications for LICs
Download or Read eBook BRICs’ Philosophies for Development Financing and their Implications for LICs PDF written by MissNkunde Mwase and published by International Monetary Fund. This book was released on 2012-03-01 with total page 49 pages. Available in PDF, EPUB and Kindle.
| Author | : MissNkunde Mwase |
| Publisher | : International Monetary Fund |
| Total Pages | : 49 |
| Release | : 2012-03-01 |
| ISBN-10 | : 9781475531299 |
| ISBN-13 | : 147553129X |
| Rating | : 4/5 (99 Downloads) |
Book Synopsis BRICs’ Philosophies for Development Financing and their Implications for LICs by : MissNkunde Mwase
Book excerpt: Flows of development financing from the BRICs (Brazil, Russia, India, and China) to low income countries (LICs) have surged in recent years. Unlike aid from traditional donors, BRICs (excluding Russia) view their financing as primarily based on the principles of South-South cooperation, focusing on mutual benefits without attachment of policy conditionality. This paper provides an overview of the philosophies and modalities of BRIC financing and examines their implications for LIC economies and future LIC-BRIC engagement.
