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This evaluation puts forward a strong case for Australia to remain engaged with Asian middle-income countries (MICs), and argues that Australia can continue to build its comparative advantage as a partner in economic and social reform.
Over the last 10 years, around 15 per cent of the Australian aid budget was spent through two multilateral development banks (MDBs): the Asian Development Bank (ADB) and the World Bank. Close to two-thirds of this was given as non-core funding (funding earmarked for a...