It also cautioned against developed countries stopping ODA (Official Development Assistance) to their developing counterparts as suggested by the recent communique of the UN Secretary General on the post-2015 development agenda.
"Our engagement is demand driven and response to the developmental priorities of our partner countries. We do not attach conditionalities, we do not prescribe policies and we do not challenge national sovereignty. We promote mutually beneficial exchange of development, experiences and resources," Foreign Secretary Ranjan Mathai said here.
The Foreign Secretary said, "we should reinforce the argument that while South-South cooperation and the voluntary efforts of developing countries such as India will continue to play an important role, it would be a travesty to project them as the principle new component of a redefined global partnership of the new agenda."
He cautioned against replacing North-South cooperation with South-South cooperation.
Observing that North-South engagement leads the aid process and should continue to do so, Mathai said it is self- evident that while South-South cooperation supplements North- South cooperation, the former bloc is not yet in a position to replace the latter in any significant measure.
"It is surprising that even as crucial importance of the ODA for many developing countries have been reiterated at many high-level fora, this document (communique of the UN Secretary General's high level panel on the post 2015 development agenda) does not contain single mention of ODA," he said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
