While many developing countries do not have explicit South-South and triangular cooperation strategies, the state of play shows that its elements can be found in various policies, institutional guidance and national development strategies. The absence of a holistic approach and a nationally acknowledged strategy carries the risk of fragmentation in undertaking SSTC strategies.
The Islamic Development Bank (IsDB) has identified the development of a national strategy to guide a country’s South-South and triangular cooperation interventions as a fundamental pillar of a country’s ‘National Ecosystems for South-South and triangular cooperation framework. A national strategy for South-South and triangular cooperation serves as guidance for a country’s SSTC activities, initiatives and institutional framework, both from the perspective of being a provider and a beneficiary of SSTrC. Furthermore, they provide a clear long-term vision and defined goals and targets of SSTrC and strengthen cohesion by aligning with the general national development strategies of the Member Countries.
The Policy Paper on National Strategies for South-South and Triangular Cooperation is a joint effort by the Islamic Development Bank (IsDB) and South Center, towards guiding the development of national ecosystems for South-South and triangular cooperation.