BRICsâ€™ Philosophies for Development Financing and Their Implications for LICs
AbstractFlows 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.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 12/74.
Date of creation: 01 Mar 2012
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-04-23 (All new papers)
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