|
Total gross foreign aid from all donors to all developing countries in 2002 was $76 billion Of which,
$6 bn debt relief grants And
developing countries paid
c $11 bn in loan repayments So,
effectively only $59
bn was available in aid ($70bn-$11bn). Of which -
$16 bn went to middle-income countries, -
$43 bn (approx) went to low income countries. Of that $43 bn, - $31 bn went out in emergency assistance & technical
co-operation, much of which
pays for expensive foreign consultants not local experts. So,
of $76 billion dollars, only
$12 billion actually went to developing countries *all dollars of 2003 value |
Sachs p298