Response of the Arab Donors to the Global Financial Crisis and the Arab Spring
Development assistance from Gulf Cooperation Council (GCC) countries and Arab financial institutions has been responsive in addressing development and humanitarian needs in many developing countries. Since the global financial crisis (2008-2011), t...
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| Format: | Brief |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2013/12/18729612/response-arab-donors-global-financial-crisis-arab-spring http://hdl.handle.net/10986/20556 |
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okr-10986-205562021-04-23T14:03:56Z Response of the Arab Donors to the Global Financial Crisis and the Arab Spring Rouis, Mustapha ACCOUNTING AID AID FLOW BALANCE OF PAYMENTS COMMODITY CURRENCY CURRENCY DEPRECIATION DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT INSTITUTIONS DEVELOPMENT PROJECTS DISBURSEMENT DISBURSEMENTS DONOR COUNTRIES ECONOMIC CRISIS ECONOMIC DEVELOPMENT FINANCIAL AID FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL SUPPORT FISCAL DEFICIT FOREIGN AID FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOUNDATIONS HIPC HUMANITARIAN AID HUMANITARIAN ASSISTANCE IMPORTS INCOME INTERNATIONAL COOPERATION INTERNATIONAL DEVELOPMENT INVESTMENT PROJECTS INVESTMENT VEHICLE MONETARY FUND NATIONS OFFICIAL DEVELOPMENT ASSISTANCE PLEDGES POLITICAL TRANSITIONS PROJECT FINANCING RECIPIENT COUNTRIES REFUGEES REGIONAL DEVELOPMENT RESERVES SOCIAL DEVELOPMENT TRANSITION COUNTRIES Development assistance from Gulf Cooperation Council (GCC) countries and Arab financial institutions has been responsive in addressing development and humanitarian needs in many developing countries. Since the global financial crisis (2008-2011), the combined net official development assistance (ODA) from Kuwait, Saudi Arabia and the UAE peaked at US$ 6.5 billion in 2008at the height of the global financial crisis. It has since remained relatively high at US$ 4.8 billion annually on average. Total ODA from the three also increased significantly as a share of gross national income, yielding a weighted average of 0.55 percent during 2008-2011, compared to 0.49 percent in the previous four years. The share of Arab financial institutions' aid to International Development Association (IDA) recipients grew by 9 percentage points between 2005-2007 and 2008-2012, reaching 47 percent of total commitments. The overall annual average of financial assistance provided to Arab Spring countries by Arab financial institutions in 2011 and 2012 was slightly higher than the average during the global economic and financial crisis, which in turn was nearly 70 percent higher than the average prior to the crisis. The Gulf countries pledged substantial financial support to the countries undergoing political transitions in the wake of the Arab Spring, but disbursements lagged behind those countries' acute needs. Saudi Arabia has pledged the most funding in this regard. 2014-11-19T17:04:46Z 2014-11-19T17:04:46Z 2013-12 http://documents.worldbank.org/curated/en/2013/12/18729612/response-arab-donors-global-financial-crisis-arab-spring http://hdl.handle.net/10986/20556 English en_US MENA knowledge and learning quick notes series;no. 112 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Brief Publications & Research Middle East and North Africa North Africa Middle East |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING AID AID FLOW BALANCE OF PAYMENTS COMMODITY CURRENCY CURRENCY DEPRECIATION DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT INSTITUTIONS DEVELOPMENT PROJECTS DISBURSEMENT DISBURSEMENTS DONOR COUNTRIES ECONOMIC CRISIS ECONOMIC DEVELOPMENT FINANCIAL AID FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL SUPPORT FISCAL DEFICIT FOREIGN AID FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOUNDATIONS HIPC HUMANITARIAN AID HUMANITARIAN ASSISTANCE IMPORTS INCOME INTERNATIONAL COOPERATION INTERNATIONAL DEVELOPMENT INVESTMENT PROJECTS INVESTMENT VEHICLE MONETARY FUND NATIONS OFFICIAL DEVELOPMENT ASSISTANCE PLEDGES POLITICAL TRANSITIONS PROJECT FINANCING RECIPIENT COUNTRIES REFUGEES REGIONAL DEVELOPMENT RESERVES SOCIAL DEVELOPMENT TRANSITION COUNTRIES |
| spellingShingle |
ACCOUNTING AID AID FLOW BALANCE OF PAYMENTS COMMODITY CURRENCY CURRENCY DEPRECIATION DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT INSTITUTIONS DEVELOPMENT PROJECTS DISBURSEMENT DISBURSEMENTS DONOR COUNTRIES ECONOMIC CRISIS ECONOMIC DEVELOPMENT FINANCIAL AID FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL SUPPORT FISCAL DEFICIT FOREIGN AID FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOUNDATIONS HIPC HUMANITARIAN AID HUMANITARIAN ASSISTANCE IMPORTS INCOME INTERNATIONAL COOPERATION INTERNATIONAL DEVELOPMENT INVESTMENT PROJECTS INVESTMENT VEHICLE MONETARY FUND NATIONS OFFICIAL DEVELOPMENT ASSISTANCE PLEDGES POLITICAL TRANSITIONS PROJECT FINANCING RECIPIENT COUNTRIES REFUGEES REGIONAL DEVELOPMENT RESERVES SOCIAL DEVELOPMENT TRANSITION COUNTRIES Rouis, Mustapha Response of the Arab Donors to the Global Financial Crisis and the Arab Spring |
| geographic_facet |
Middle East and North Africa North Africa Middle East |
| relation |
MENA knowledge and learning quick notes
series;no. 112 |
| description |
Development assistance from Gulf
Cooperation Council (GCC) countries and Arab financial
institutions has been responsive in addressing development
and humanitarian needs in many developing countries. Since
the global financial crisis (2008-2011), the combined net
official development assistance (ODA) from Kuwait, Saudi
Arabia and the UAE peaked at US$ 6.5 billion in 2008at the
height of the global financial crisis. It has since remained
relatively high at US$ 4.8 billion annually on average.
Total ODA from the three also increased significantly as a
share of gross national income, yielding a weighted average
of 0.55 percent during 2008-2011, compared to 0.49 percent
in the previous four years. The share of Arab financial
institutions' aid to International Development
Association (IDA) recipients grew by 9 percentage points
between 2005-2007 and 2008-2012, reaching 47 percent of
total commitments. The overall annual average of financial
assistance provided to Arab Spring countries by Arab
financial institutions in 2011 and 2012 was slightly higher
than the average during the global economic and financial
crisis, which in turn was nearly 70 percent higher than the
average prior to the crisis. The Gulf countries pledged
substantial financial support to the countries undergoing
political transitions in the wake of the Arab Spring, but
disbursements lagged behind those countries' acute
needs. Saudi Arabia has pledged the most funding in this regard. |
| format |
Publications & Research :: Brief |
| author |
Rouis, Mustapha |
| author_facet |
Rouis, Mustapha |
| author_sort |
Rouis, Mustapha |
| title |
Response of the Arab Donors to the Global Financial Crisis and the Arab Spring |
| title_short |
Response of the Arab Donors to the Global Financial Crisis and the Arab Spring |
| title_full |
Response of the Arab Donors to the Global Financial Crisis and the Arab Spring |
| title_fullStr |
Response of the Arab Donors to the Global Financial Crisis and the Arab Spring |
| title_full_unstemmed |
Response of the Arab Donors to the Global Financial Crisis and the Arab Spring |
| title_sort |
response of the arab donors to the global financial crisis and the arab spring |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2013/12/18729612/response-arab-donors-global-financial-crisis-arab-spring http://hdl.handle.net/10986/20556 |
| _version_ |
1764445654774448128 |