The Composition and Distribution of Financial Assistance From Arab Countries and Arab Regional Institutions

International Monetary Fund

No 1990/067, IMF Working Papers from International Monetary Fund

Abstract: 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.

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 (search for similar items in EconPapers)
Pages: 132
Date: 1990-01-01
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:1990/067

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