Vision and Objectives
The World Bank Group (WGB) and the global development community increasingly recognize that knowledge sharing, or peer-to-peer learning, is a powerful instrument to share, adapt and scale-up what works in development, using the convincing power of peers – and their practical knowledge. South-South peer learning at the political level inspires and motivates leaders to implement reforms, while at the technical and operational levels it serves as an avenue for exchanging practical ‘how-to’ knowledge for improved project design and implementation.
South-South Cooperation (SSC) is a country-led and country-owned way of exchanging resources, technologies and knowledge. Consequently, since the beginning of the century, emerging economies and other MICs have mobilized substantial financial resources, while also invested in their institutional and operational arrangements to provide SSC and share knowledge with peers and partners around the world. This dynamic context provided an outstanding opportunity for the WBG to expand, deepen and continuously fine-tune its menu of support options for country-led SSC, particularly in the area of knowledge sharing.