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Friday, 28 March 2014

ACP: South-South and Triangular cooperation for poverty eradication

Experts and delegates discussed the potential role of the ACP Group in advancing an innovative approach to development assistance that has seen growing interest around the globe.
The Ambassador of Trinidad and Tobago to the EU, and Chair of the ACP Sub-Committee on Development Finance Cooperation H.E Mrs Margaret Allison King-Rousseau opened the 2nd ACP Symposium on South-South and Triangular Cooperation in Brussels on Tuesday, underlining the need to “develop strategic partnerships to ensure that development cooperation has a lasting impact”.”
Cited as a way to promote the added value of the ACP Group, South-South Cooperation (SSC) refers to the exchange resources, knowledge, technology and experience between or amongst developing countries, with the aim of fighting poverty and promoting sustainable development.
In Triangular Cooperation (TrC), a third party – usually a developed country – also enters the partnership by sharing its own resources and expertise.
Ambassador King-Rousseau added that SSC and TrC are emerging models that compliment the traditional “North-South” partnership, while also exploring the role of the emerging economies in development cooperation.
Consultant Dr Carine Nsoudou presented a working paper on the practical possibilities for the ACP Group to engage in SSC and TrC. She was commissioned by the ACP Secretariat to do a mapping exercise on current successful examples of SSC and TrC in action in ACP regions.
Dr Nsoudou said that while there are many parallel activities in SSC and TrC around the world, there is no overarching framework, leading to a lack of coordination and impact. She proposed that the ACP Group, given its long and rich experience in the area of development cooperation, build its capacity to be a “global hub” for SSC and TrC, acting as a knowledge repository and a “facilitator” providing strategic advice on the issue.

Source: ACP Secretariat