Abstract
Development aid flows from the BRICs to low-income countries (LICs) have increased in recent years. Philosophical reasons for their development financing include some commonality within some of the BRIC countries, and additional differences may be found between them and traditional donors (e.g., debt sustainability and debt relief). Differences with traditional donors have also led to differences in estimates of development assistance. To maximize the benefits of LIC–BRIC cooperation, LICs will need to ensure high returns for the BRIC-financed projects through sound public investment management. LICs and BRICs can work together to improve the transparency of project financing.
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