Emerging patterns in architecture for management of economic assistance and development cooperation: implications and challenges for India
Due to their rapid economic growth, international focus on the aid programmes of emerging economies, including India, has increased considerably. The timing of India’s announcement to set up a new and specialised agency for international co-operation, has further fuelled global speculations about an ambitious Indian commercial agenda. As most of the traditional donors are trying to achieve harmonisation and transparency under Paris Declaration, the Organisation for Economic Co-operation and Development (OECD) has called for global discipline in the aid programmes. China has proposed supporting a United Nations-led initiative instead of joining the OECD. While India faces a major challenge in putting its house in order, it can no longer overlook the international placing of its aid programmes, which so far have been projected as a part of South-South cooperation.