There's been a significant shift in international aid in recent years. Less money is coming from large donor nations and more is coming from private foundations, corporations, even countries that only a few years ago were recipients of aid themselves.
Originally published on Thu March 28, 2013 10:53 am
Credit Sabelo Mngoma / AP
The leaders of Brazil, Russia, India, China and South Africa – emerging economies that collectively are referred to as BRICS – announced Wednesday the creation of a development bank to fund infrastructure projects in developing nations.