2021
DOI: 10.1080/01436597.2021.1997583
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Uneven convergence in India’s development cooperation: the case of concessional finance to Africa

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Cited by 18 publications
(3 citation statements)
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“…of this cooperation was ad hoc, and it was as late as 2003 when a structured scheme to channel India's assistance was initiated. A key feature of the scheme was to subsidise the interest rate demanded by Indian banks to expand concessional finance available to African partners, a feature it shared with other Southern lenders such as Brazil, China and the UAE (Dye, 2021). Such bilateral relations were soon accompanied by multilateral forums such the India-Brazil-South Africa (IBSA) Fund.…”
Section: India's Engagement With the African Continentmentioning
confidence: 99%
“…of this cooperation was ad hoc, and it was as late as 2003 when a structured scheme to channel India's assistance was initiated. A key feature of the scheme was to subsidise the interest rate demanded by Indian banks to expand concessional finance available to African partners, a feature it shared with other Southern lenders such as Brazil, China and the UAE (Dye, 2021). Such bilateral relations were soon accompanied by multilateral forums such the India-Brazil-South Africa (IBSA) Fund.…”
Section: India's Engagement With the African Continentmentioning
confidence: 99%
“…Rather than its previous approach, which put African governments in the driver's seat as to investment decisions, the Indian government has assumed more control over such decisions due to the fallout from corruption scandals surrounding Indian companies' investments in African countries. Among other changes, the new regulations “removed African governments' role in contracting Indian companies, moving this process in‐house to the Indian Exim Bank” (Dye 2022a). These policy changes signaled a shift away from India's previous development cooperation approaches based on noninterference, recipient‐led demands, and the principle of sovereignty first (Dye 2022b).…”
Section: Emerging and Traditional Donors: Points Of Convergence And D...mentioning
confidence: 99%
“…Among other changes, the new regulations "removed African governments' role in contracting Indian companies, moving this process in-house to the Indian Exim Bank" (Dye 2022a). These policy changes signaled a shift away from India's previous development cooperation approaches based on noninterference, recipient-led demands, and the principle of sovereignty first (Dye 2022b). Despite giving India a much greater say in setting the development agenda and moving away from recipient-led assistance, state-to-state relations continue to be central to the project approval process, thus maintaining a very different emphasis than USAID's localization approach.…”
Section: Emerging and Traditional Donors: Points Of Convergence And D...mentioning
confidence: 99%