Arab financial assistance to developing - particularly Arab - countries rose sharply between 1973 and 1980 but fell gradually through the 1980s, owing mainly to weakening oil prices. As a percent of GNP, however, Arab contributions remain the largest among major donors. This paper surveys the volume and distribution of Arab financing from 1973 to 1989.
Migrant workers’ remittances, which have grown dramatically in the last decade, offer many developing countries a means to add to their aggregate savings and investment. The author shows how labor exporting countries need to dovetail policies to attract remittances from migrant workers with a comprehensive and coherent set of policies to ensure that these revenues make the optimal contribution to their growth and development.