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Friday, 10 June 2011

More south-south cooperation in developmental aid

At a high-level conference in the European Parliament, south-south cooperation was promoted as a more efficient alternative to north-south bilateral aid which has been used in the past. In south-south cooperation, organizations from developing countries work together with funding from the developed world to solve the problems that their countries face. It is seen as more efficient because both parties have experience with problems in the developing world.

Source: New Europe