The third wave of development players
The third wave of development players
The Millennium Development Goals Summit in September 2010 showed a third group of a new group of development providers has quietly entered the stage. Complementing the traditional DAC donors and the big emerging economies, the CIVETS group encompassed Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa, bringing a new wave of development partnerships?
Highlights of this paper, written soon after the Summit:
- the evolving global governance of development needs to go beyond DAC donors and the BRIC group
- the CIVETS countries are not only new economic poles, but also development providers investing in peer-to-peer learning and horizontal partnerships
- these counties are bound to become strategic partners at G20, UN and IFI levels, while offering a third-wave of partnerships to low- and middle-income countries