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United Nations Day for South-South Cooperation
September 12, 2016
South-South cooperation, as an important element of international cooperation for development, offers viable opportunities for developing countries and countries with economies in transition in their individual and collective pursuit of sustained economic growth and sustainable development.
Developing countries have the primary responsibility for promoting and implementing South-South cooperation, not as a substitute for, but rather as a complement to North-South cooperation. The international community should support the efforts of the developing countries to expand South-South cooperation.
The Assembly also urged all relevant United Nations organizations and multilateral institutions to intensify their efforts to effectively mainstream the use of South-South cooperation in the design, formulation and implementation of their regular programs and to consider increasing allocations of human, technical and financial resources for supporting South-South cooperation initiatives.
Development cooperation beyond 2015 will have to increase and continue to support developing countries, with a special emphasis in poor and vulnerable communities facing sustainable development challenges, while mobilizing additional resources to address global challenges, such as climate change and managing global commons.
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Categories: Economic Development
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