Implementing joint development projects with Asian donor countries in the Global South
Project description
Title: Fund for Triangular Cooperation with Asia
Commissioned by: German Federal Ministry for Economic Cooperation and Development (BMZ)
Country: People’s Republic of China, India
Lead executing agency: Ministry of Commerce of the People’s Republic of China, Ministry of Finance, Department of Economic Affairs, Government of India
Overall term: 2020 to 2024
Context
Numerous Asian countries have gained importance as global political actors in recent years. While development cooperation used to be shaped primarily by Western donor countries, more and more economically emerging Asian countries are now also acting as donors.
The German Federal Ministry for Economic Cooperation and Development (BMZ) defines these countries as "Global Partners" with whom it would like to jointly contribute to the implementation of the Global Sustainability Goals (SDGs). With China, India, Indonesia and Vietnam, four of the eight "global partners" are located in Asia.
Starting with India and China, this project is piloting triangular cooperation. These are jointly planned, financed and implemented projects between three countries: a developing country, a main partner and a beneficiary partner. Triangular cooperation forms a bridge between South-South and North-South cooperation. In this way, German development cooperation and Asian donors combine their strengths and achieve better development impacts in areas such as poverty reduction or climate change mitigation.
Objective
Triangular cooperation with new donor countries in Asia contributes to sustainable development.
Approach
The project is piloting triangular cooperation with Asian donors and aims to establish this form of cooperation in the long term. To this end, it works in three fields of action:
- It prepares Asian-German triangular cooperation in a transparent and inclusive process in order to jointly achieve the global sustainability goals.
- It establishes political exchange formats for triangular cooperation, where participants can exchange learning experiences in a practical way.
- It supports implementing organisations and development institutions in the participating countries in planning and implementing complex projects.
By demonstrating the effectiveness of its own approaches in practice, Germany also introduces the "global partners" to standards of good donor behaviour and strengthens development cooperation structures.
Last update: April 2022