BRICs’ Philosophies for Development Financing and Their Implications for LICs

WPIEA2012074 Image
Price:  $18.00

Author/Editor: Nkunde Mwase, Yongzheng Yang
Release Date: © March, 2012
ISBN : 978-1-47550-226-8
Stock #: WPIEA2012074
Stock Status: On back-order

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Flows of development financing from the BRICs (Brazil, Russia, India, and China) to low income countries (LICs) have surged in recent years. Unlike aid from traditional donors, BRICs (excluding Russia) view their financing as primarily based on the principles of South-South cooperation, focusing on mutual benefits without attachment of policy conditionality. This paper provides an overview of the philosophies and modalities of BRIC financing and examines their implications for LIC economies and future LIC-BRIC engagement.


Debt , Development assistance , Economic development , Economic policy , Fiscal policy

More publications in this series: Working Papers

More publications by: Nkunde Mwase ; Yongzheng Yang