Opinion – Alternative development finance, changing geopolitics of aid
The evolving landscape of development cooperation has been shaped not only by regulatory regimes such as Anti-Money Laundering (AML) frameworks but also by the emergence of new actors in international development finance. Over the past two decades, the traditional architecture of development assistance, dominated by members of the Organisation for Economic Co-operation and Development’s Development... The post Opinion – Alternative development finance, changing geopolitics of aid appeared first
The evolving landscape of development cooperation has been shaped not only by regulatory regimes such as Anti-Money Laundering (AML) frameworks but also by the emergence of new actors in international development finance. Over the past two decades, the traditional architecture of development assistance, dominated by members of the Organisation for Economic Co-operation and Development’s Development Assistance Committee (OECD-DAC), has increasingly been complemented and challenged by the rise of non-DAC donors. Countries such as China, India, and several Gulf states have expanded their roles as providers of development finance, investment, and infrastructure funding across the Global South. This transformation has introduced new dynamics into the geopolitical economy of development cooperation and altered the context within which AML governance operates (Mawdsley, 2012; Woods, 2008).
