More than 160 Member States of the United Nations have reiterated their global commitment in the promotion and investment of South-South and triangular cooperation, in the Second High-Level UN Conference on South-South Cooperation, known as BAPA+40, concluded on Friday in Buenos Aires.
In the outcome document, the participating nations recognised that the South-South and triangular cooperation contribute to the implementation of the 2030 Agenda for Sustainable Development and to eradicate poverty in all its forms and dimensions.
While South-South cooperation refers to the technical cooperation among developing countries in the Global South, Triangular cooperation is collaboration in which traditional donor countries and multilateral organizations facilitate South-South initiatives.
“If we reflect on the changes that have taken place in the global economy, in development, in human wellbeing since the signing of first BAPA 40 years ago, it’s clear that there are no limits to what we can achieve when we combine forces,” said Achim Steiner, the Administrator of the UN Development Program UNDP.
“We have forged new partnerships for current and future concerted efforts and seen the spectrum of opportunities available to us.”
The Buenos Aires Plan of Action was established in 1978.
“The model of development cooperation of the 1960s and 1970s which saw a world of the North transferring technology and models of development to the South is long gone. Much of the innovations that drive development today have their origins in the South” Steiner said.