Economics - Aid Effectiveness

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Nadia Afrin
Development Gateway, United States

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Economics

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Global Economic Turmoil Having Dramatic Effects on Capital Flows to Developing Countries

web.worldbank.org -

Amidst global economic recession and financial-market fragility, net private capital inflows to developing countries fell to $707 billion in 2008, a sharp drop from a peak of $1.2 trillion in 2007. International capital flows are projected to fall further in 2009, to US$363 billion. The World Bank publication “Global Development Finance 2009: Charting a Global Recovery,” warns that the world is entering an era of slower growth that will require tighter and more effective oversight of the more...

Added by John Daly to Aid Effectiveness on July 01, 2009

'The Success of Development: Innovation, Ideas and the Global Standard of Living'

charleskenny.blogs.com -

Many people are depressed about the state of global development, and especially about the failures of development in Africa. The per capita GDP of rich countries has diverged more and more from that of poor nations and it has become clear that it is hard to raise economic growth rates. However, there is good news: the Malthusian trap of population exceeding carrying capacity seems to have been avoided globally, and health and education status are improving faster than income. This work holds more...

Added by John Daly to Aid Effectiveness on June 17, 2009

The London G20 Summit

londonsummit.gov.uk -

On the 2 April 2009 world leaders will gather in London to address the global financial crisis. Follow the London Summit live on this website! Watch streamed video of proceedings at the G20 meeting and events involving the world leaders gathered in London.

Added by John Daly to Aid Effectiveness on April 01, 2009

'World Bank Lowers Remittances Forecast for 2009 as Financial Crisis Deepens'

web.worldbank.org -

According to the World Bank: * Remittances will fall to $290 billion in 2009, from last year's high of $305 billion * Even with the drop, remittances will outstrip private capital flows and official development aid Top 5 Recipients of Remittances in 2008 * India: $45 billion * China: $34 billion * Mexico: $26 billion * Philippines: $18 billion * Poland: $11 billion

Added by John Daly to Aid Effectiveness on March 30, 2009

'A Rising Dollar Lifts the U.S. but Adds to the Crisis Abroad'

nytimes.com -

Bad as the economy is in the United States, it appears to be worse in much of the rest of the world. The United States looks to many hear and abroad to be a safe haven for their savings, and as a result the Obama administration may have funds to finance its stimulus packages; however, Eastern Europe and other economies may not have the money that they need.

Added by John Daly to Aid Effectiveness on March 11, 2009

'Developing world may need $700 billion: World Bank'

reuters.com -

'Developing countries could face a financing gap of $270-$700 billion -- equivalent to the latest U.S. economic rescue package -- to help deal with the effects of the global crisis, the World Bank said Sunday. The World Bank said even at the lower end of that estimate, resources of international institutions would not be sufficient to meet the financing needs as more and more emerging and developing countries are hit.'

Added by John Daly to Aid Effectiveness on March 11, 2009

'Swimming Against the Tide: How Developing Countries Are Coping with the Global Crisis'

siteresources.worldbank.org -

Developing countries face a financing shortfall of $270-700 billion this year, as private sector creditors shun emerging markets, and only one quarter of the most vulnerable countries have the resources to prevent a rise in poverty, the World Bank said. This paper was prepared by the World Bank staff for a meeting of the Group of 20 finance ministers and central bank governors. March 2009.

Added by John Daly to Aid Effectiveness on March 11, 2009

'Global Trade to Decline to Record Low Next Year, World Bank Says'

washingtonpost.com -

'Global growth in 2009 will slow to the weakest rate since records became available in 1970, the World Bank said yesterday. ''The freezing of credit markets, collapse of stock markets, large shifts in exchange rates and commodities prices and unprecedented policy actions have combined to create an extremely uncertain environment for market participants and forecasters alike,' the Bank said in releasing its annual Global Economic Prospects report in Washington. 'International trade will more...

Added by John Daly to Aid Effectiveness on December 10, 2008

'IMF, World Bank Heads To Miss Key U.N. Forum'

washingtonpost.com -

'The chiefs of the World Bank and the International Monetary Fund have declined to participate in a major U.N. conference next week on the financing of development assistance for poor countries, upsetting an effort to secure high-level attendance at a meeting aimed at goading the beleaguered financial giants into stepping up aid.........Some top U.N. officials were visibly infuriated by what they viewed as a snub of Secretary General Ban Ki-moon. One official accused Zoellick of trying to more...

Added by John Daly to Aid Effectiveness on November 25, 2008

'Emerging economies want new role'

news.bbc.co.uk -

'Finance ministers and central bank presidents from the world's 20 major economies have been meeting at a G20 summit in Sao Paulo in Brazil.'

Added by John Daly to Aid Effectiveness on November 10, 2008

The Growth Report: Strategies for Sustained Growth and Inclusive Development

growthcommission.org -

The Commission on Growth and Development brought together twenty-one leading practitioners from government, business and the policymaking arenas, mostly from the developing world. The Commission was chaired by Nobel Laureate Michael Spence and is sometimes called the Spence Commission. Its report issued in 2008 has been described as providing the basis for a new consensus of development economists. The report website provides not only a downloadable version of the report, but information on the more...

Added by John Daly to Aid Effectiveness on June 15, 2008

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