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Extra resources for Conflict and Fragility: Resource Flows to Fragile and Conflict-Affected States
Sample text
Including analysis by the World Bank, the IMF, UNCTAD, the Institute for Development Studies, and the Overseas Development Institute, see below. Global ODA figures in this report include statistics from OECD DAC members and 19 development partners from beyond the DAC which voluntarily report their contributions to the DAC. These include: Chinese Taipei, Cyprus, Czech Republic*, Estonia, Hungary*, Iceland*, Israel, Kuwait, Latvia, Liechtenstein, Lithuania, Poland*, Romania, Saudi Arabia, Slovak Republic*, Slovenia, Thailand, Turkey, United Arab Emirates.
Contrary to belief, remittances may even be counter-cyclical. Remittances are a small part of migrants’ incomes, and migrants continue to send remittances when hit by income shocks. US and Europe). Those staying back are likely to continue to send remittances. • Returning migrants are likely to take back accumulated savings. Also the “safe haven” factor or “homebias” can cause remittances for investment purposes to return home during an economic down turn in the host country. • Several high-income OECD remittance source countries are likely to undertake large fiscal stimulus packages in response to the financial crisis.
Kibaara, B. (2008), The Impact of the Financial Crisis on Developing Countries, Tegemeo Institute of Agricultural Policy and Development, Egerton University, Kenya. ODI (Overseas Development Institute) (2009), “The Global Financial Crisis: Poverty and social protection”, Briefing Paper, No. 51, ODI, London. WAIPA (World Association of Investment Promotion Agencies) (2009), “Over 70% of IPAs May Be Missing Out on FDI Projects Knocking on their Doors”, WAIPA Newsletter, Issue 5. Woods, N. (2009), “The International Response to the Global Crisis and the Reform of the International Financing Aid Architecture”, Briefing Paper, European Parliament, Brussels.