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The Composition and Distribution of Financial Assistance From Arab Countries and Arab Regional Institutions
Author:
International Monetary Fund
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Series:
IMF Working Papers
Volume/Issue:
Volume 1990: Issue 067
Language:
English
Publication Date:
01 Jan 1990
DOI:
https://doi.org/10.5089/9781451961447.001
ISBN:
9781451961447
ISSN:
1018-5941
Pages:
132
Keywords:
WP; balance of payments; economic development; gross national product; recipient country; net disbursement; net importer; debtor country; outstanding balance; donor country; Loans; Concessional external borrowing; Project loans; Imports; Balance of payments assistance; Middle East; Africa; Sub-Saharan Africa; Asia and Pacific; Europe
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper examines the volume and distribution of concessional and nonconcessional financial flows from Arab countries, and aid agencies, and regional institutions to developing countries. Arab financial assistance increased very rapidly from 1973 to 1980 in line with the rapid growth in oil revenues. Essentially because of the softer oil market, this trend was reversed in the 1980s. Nonetheless, the Arab contributions as a share of GNPs remain by far the most generous among the major donor groups. Arab recipient countries received nearly 62 percent of total Arab financial assistance. Together with large flows of workers’ remittances, this assistance accelerated their economic development beyond what would have been otherwise possible.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund