Emerging Patterns in Architecture for Management of Economic Assistance and Development Cooperation : Implications and Challenges for India

With sharp economic growth, the international focus on aid programmes of emerging economies, including India, has gone up considerably. The timing of Indian announcement, of setting up of a new and specialised agency for international cooperation, has further fuelled global speculations about an ambitious Indian commercial agenda. As most of the traditional donors are trying to achieve harmonisation and transparency under Paris Declaration, OECD has called for global discipline in the aid programmes. China has proposed supporting a UN-led initiative instead of joining OECD. While India has major challenge of putting its house in order, it can no longer overlook international placing of its aid programmes, which so far have been projected as a part of South-South cooperation.