Trade and cooperation will grow among countries in the Southern Hemisphere as investments open up in infrastructure and energy, a top World Bank official said on Wednesday
World Bank Managing Director Ngozi Okonjo-Iweala said south-south cooperation would expand in trade, investment, aid and learning such as social programs.
– Many southern countries, in terms of investment, are seeing opportunities and have a better risk-taking appetite perhaps than countries and even companies from the north, said Okonjo-Iweala.
Aid between developing countries is around $12 billion (ca. 67 milliarder d. kr.) a year, which is less than 10 percent of what they receive from developed countries, according to World Bank figures
