BRICs' Philosophies for Development Financing and their Implications for LICs [electronic resource] / Yongzheng Yang.
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TextSeries: IMF Working Papers; Working Paper ; No. 12/74Publication details: Washington, D.C. : International Monetary Fund, 2012Description: 1 online resource (25 p.)ISBN: 1475502265 :ISSN: 1018-5941Subject(s): Brics | Commodity Prices | Comparative Economic Systems | Debt Relief | Debt Sustainability | Development Financing | China, People's Republic of | RussiaAdditional physical formats: Print Version:: BRICs' Philosophies for Development Financing and their Implications for LICsOnline resources: IMF e-Library | IMF Book Store Abstract: 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.
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.
Description based on print version record.
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