By Economic Commission for Latin America and the Caribbean (ECLAC)/Organisation for Economic Cooperation and Development (OECD), 2018

 

This paper discusses how to think about international cooperation for development. It proposes that new narratives of development cooperation should move from graduation to gradation, using a toolkit based on five pillars. First, international cooperation for development should measure development beyond per capita GDP. Second, the cooperation strategies and focus of development should be linked to national strategies and reflect a multidimensional approach. Third, the focus of the multilateral agenda should be based on the 2030 Agenda for Sustainable Development promoting better global public goods. Fourth, the governance and financing approach to cooperation should look beyond official development assistant (ODA) and be multilevel in nature, taking into consideration South-South and triangular cooperation as well as horizontal cooperation across different levels of government. Finally, international cooperation should go beyond traditional instruments and include such modalities as innovative instruments of knowledge-sharing, capacity-building and technology transfers.

The new global context and challenges in the Latin American and Caribbean region call for new international cooperation perspectives based on common interests, shared values and strong complementarities, including the partnership between the European Union and Latin America and the Caribbean. Although discrepancies and heterogeneities remain across emerging and developing economies, the policy implications in this document are useful for other regions.