The New Face of Foreign Aid in Asia

A sea change is unfolding in the world of foreign aid. Emerging powers, particularly China and India, are challenging longstanding aid principles held by the United States, the United Kingdom, and other established donors. Ironically, amid this shifting landscape, opportunities exist for increased cooperation between established and emerging aid providers, including in the field of governance. Such cooperation would not only help to address pressing humanitarian challenges in Asia, but could improve the quality and impact of aid throughout the developing world.

Asia Shows Courage for Change

Earlier this month, I attended the 2012 IMF-World Bank annual meeting in Tokyo for the first time and, as expected, talks about the eurozone crisis dominated discussions. However, some very compelling conversations revolving around Asia’s role in this environment and beyond…