Financing for development is no longer about the old paradigm of aid dependency or charity, or about the North teaching the South. It is about an investment in a stable and inclusive future. That requires including new voices at the table, boosting South-South partnerships, and accepting that the North must learn to learn from the South. Today, as the world economy is buffeted by the worst financial crisis seen in decades, a crisis that entails grave implications for developing countries and threatens to undo the hard-won gains in growth and development of the past years, the world needs international economic cooperation even more.
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