The key dynamics that shape trilateral cooperation are outlined in this paper. Data was used from research fieldwork in Lesotho and Malawi as well as discussions with various actors. While the analysis on trilateral cooperation, largely dominated by knowledge institutions of the global north like the OECD, is expanding, not enough attention is paid to the experiences and perspectives of the ultimate beneficiary of the assistance. The author posed the question: what is distinct about trilateral cooperation from the vantage point of a beneficiary country?