Arab Development Assistance : Four Decades of Cooperation
Over the past four decades, Arab aid, which has been relatively under-studied, has played an important role in global development finance. Arab donors- predominantly the Kingdom of Saudi Arabia (KSA), Kuwait and the United Arab Emirates (UAE)-have...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2010/08/12806279/arab-development-assistance-four-decades-cooperation http://hdl.handle.net/10986/10919 |
| Summary: | Over the past four decades, Arab aid,
which has been relatively under-studied, has played an
important role in global development finance. Arab donors-
predominantly the Kingdom of Saudi Arabia (KSA), Kuwait and
the United Arab Emirates (UAE)-have been among the most
generous in the world, with official development assistance
(ODA) averaging 1.5 percent of their combined gross national
income (GNI) during the period 1973-2008, more than twice
the United Nations target of 0.7 percent and five times the
average of the Organisation For Economic Co-Operation And
Development (OECD)- Development Assistance Committee (DAC)
countries. In addition to government-to-government aid, Arab
donors have established a number of specialized financial
institutions to provide development assistance to low-income
countries. Assistance through these institutions increased
substantially by 4.4 percent per year in real terms over the
period 1990-2008. There are good reasons to believe that
Arab aid will continue to play an important role in
international development assistance into the foreseeable
future. Arab donors have recently increased their aid
volumes, and Arab financial institutions are well
capitalized, with the capacity to scale up assistance. |
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