Reshaping international development cooperation

Résumé détaillé

The AIIB is a multilateral development bank committed to its mission and mandate: financing infrastructure for tomorrow, and promoting regional cooperation in Asia and…

Multilateral development banks are an essential part of global governance, with a shared mandate to help member economies turn their development priorities into investments on the ground that improve people's lives. Developing and emerging economies of the Global South are the major clients and important shareholders of MDBs.

Climate change is adding pressure on the global development agenda. Developing countries need to achieve industrialization, the green transition and climate adaptation all at the same time.

Artificial intelligence offers new opportunities. But there is a risk that its benefits will be concentrated in countries that already have capital and technology. AI for good and for all is not only a slogan, but a practical need that requires huge investment in renewable energy, data infrastructure and people.

Geopolitical tensions are disrupting trade and investment. They reinforce the need for more diverse markets, resilient supply chains and stronger regional cooperation.

Debt in both developed countries and developing countries constrains development financing. Concessional resources are declining. Developed countries have reduced their development assistance due to their high budget deficits. The debt burden of many developing countries restricts their access to finance. The World Bank reports that low — and middle-income countries paid $1.3 trillion to service external debt in 2024, constraining resources for development.

No country or organization can address these challenges alone, which makes it a must to rebuild international development cooperation.

The multilateral institutions established after World War II have made an enduring contribution to international cooperation. The spirit of multilateralism on which they were founded must be carried forward, ensuring that the multilateral institutions remain relevant to today's world.

Global South countries can contribute to reshaping development cooperation in the context of several trends.

Emerging and…

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