Description: Arab Donors Respond Favorably to the Global Financial Crisis

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Arab Donors Respond Favorably to the Global Financial Crisis

The World Bank's 2010 study, Arab Development Assistance: four decades of cooperation, showed that Arab countries have been generous donors over the years, particularly the three Gulf countries - Kuwait, Saudi Arabia, and the United Arab Emira...

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Bibliographic Details
Main Author:	Rouis, Mustapha
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ADJUSTMENT AGRICULTURE AID AID AGENCIES AID FLOWS BILATERAL AID COMMODITY COMMODITY PRICES DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT COOPERATION DISBURSEMENT DISBURSEMENTS ECONOMIC DEVELOPMENT ECONOMIC GROWTH FINANCIAL CRISIS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FOOD AID HIPC HUMANITARIAN AID HUMANITARIAN ASSISTANCE IMPORTS INTERNATIONAL AID INTERNATIONAL DEVELOPMENT MONETARY FUND NONGOVERNMENTAL ORGANIZATIONS OFFICIAL DEVELOPMENT ASSISTANCE OIL OIL PRICES OVERSEAS ASSISTANCE PRIVATE SECTOR REGIONAL DEVELOPMENT RESULT SOCIAL DEVELOPMENT
Online Access:	http://documents.worldbank.org/curated/en/2011/08/15089018/arab-donors-respond-favorably-global-financial-crisis http://hdl.handle.net/10986/10876

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Summary:	The World Bank's 2010 study, Arab Development Assistance: four decades of cooperation, showed that Arab countries have been generous donors over the years, particularly the three Gulf countries - Kuwait, Saudi Arabia, and the United Arab Emirates (UAE) which represent over 90 percent of total Arab aid provided by those countries on which information is available. This paper confirms that the generosity extends to the period of the global financial and economic crisis. Arab Gulf countries and regional financial institutions were responsive to this new reality and collectively scaled up financial assistance to address critical development and humanitarian needs in developing countries.