According to a report presented at the High Level World Event on South-South Cooperation and Capacity Development in Bogotá in March, South-South cooperation among peers has increased over the last few years in Latin America by 27 per cent. The report, produced by Secretaría de Cooperación Iberoamericana (Ibero-American Cooperation Secretariat – SEGIB), highlights the increasing use of South-South and so-called triangular cooperation (cooperation between two countries with the support of an external agent) in Latin American and Caribbean countries, partly because of a decline in overseas development aid and the withdrawal of foreign donor organizations.
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