Abstract

Official bilateral financing remains an important source of finance for developing countries, particularly countries with limited access to international capital markets. Analysis of the flows must take into account systematic differences in the statistics derived from debtor and creditor sources and in their coverage of the various instruments (see Box 1). What follows is based primarily on creditor data from the OECD Development Assistance Committee (DAC). Figure 1 illustrates both the providers and the recipients of official flows.

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