Private Finance : Are Private Loans and Charitable Giving Replacing Aid?

Private Finance : Are Private Loans and Charitable Giving Replacing Aid?

Private financial flows to developing countries, such as debt,equity, remittances, and private charitable giving, have increaseddramatically over the past 20 years. One commentator has eventrumpeted the privatization of foreign aid. S...

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Bibliographic Details
Main Authors:	Harford, Tim, Hadjimichael, Bita, Klein, Michael
Format:	Publications & Research
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	BANK LOANS BOND MARKETS BONDS BORROWING COMMERCIAL BANK LOANS COMMERCIAL BANKS DEBT DEBT MANAGEMENT DEREGULATION DEVELOPMENT ASSISTANCE EXPROPRIATION FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT INCOME INFLATION INFLATION RATES INTEREST RATES LAWS MATURITIES NATIONAL INCOME PORTFOLIO PRIVATE BANKS PRIVATE SECTOR PRIVATIZATION PUBLIC POLICY UNDERESTIMATES
Online Access:	http://documents.worldbank.org/curated/en/2005/04/6040194/private-finance-private-loans-charitable-giving-replacing-aid http://hdl.handle.net/10986/11224

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Summary:	Private financial flows to developing countries, such as debt,equity, remittances, and private charitable giving, have increaseddramatically over the past 20 years. One commentator has eventrumpeted the privatization of foreign aid. Since privatecharitable giving remains small and developing country governmentsare borrowing more, not less, from official sources, this claim ismisleading. But unprecedented sums are indeed flowing to theprivate sector in developing countries.