Aid and the Commonwealth 1975

Aid and the Commonwealth 1975

Report by the Commonwealth Secretariat You do not have access to this content

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Author(s):
Commonwealth Secretariat
01 June 1977
Pages:
60
ISBN:
9781848592551 (PDF)
http://dx.doi.org/10.14217/9781848592551-en
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  • Aid and External Finance for the Non-Oil Developing Countries

    Since late 1973, the non-oil developing countries have been confronted with the need for heavy external financing to cover substantially enlarged current account deficits in spite of sharp reductions in their economic growth rates. The reasons for the larger combined deficit, which emerged in 1974 and increased further to $37.0 billion in 1975 from $28.4 billion in the previous year, are well known. These included the steep increases in import prices of petroleum, manufactured goods and essential foods on the one hand, and the end of the short-lived commodity boom and the deepening influence of the recession in industrialised countries on exports from the developing countries on the other.

  • Policies of Commonwealth Countries Providing Assistance

    The general improvement in the overall aid effort in 1975 by the developed Commonwealth countries was referred to in Chapter I; their net ODA disbursements increased to $2.3 billion compared with $1.9 billion in 1974. Each of the four countries contributed to this increase, the largest expansion, in percentage terms, being recorded by New Zealand whose net ODA of $65.8 million was 68 per cent higher than in 1974. Canadian net disbursements rose by 23 per cent to $879.7 million, British by l8 per cent to $863.4 million and Australian by l8 per cent to $506.8 million.

  • Multilateral Assistance

    According to DAC practice, total ODA flows include qualifying contributions from members to multilateral institutions rather than disbursements by these agencies, only part of which are on concessional terms.

  • Commonwealth Fund for Technical Co-operation

    The Commonwealth Fund for Technical Cooperation, the multilateral development fund administered by the Commonwealth Secretariat, remains modest in comparison with other international aid organisations. All Commonwealth member countries make contributions to the Fund on a voluntary basis. In general, the developed countries continue to make the largest contributions, but most developing member countries have consistently increased their contributions.

  • Distribution of Assistance to Commonwealth Recipient Countries

    The Commonwealth developing countries receive development assistance from a variety of sources, bilateral and multilateral. From incomplete information, it appears that in 1975 they received bilateral assistance of $2.8 billion from the DAC countries and concessional funds amounting to $1.1 billion from multilateral agencies, compared with $1.9 billion and $0.9 billion respectively in 1974. Without comparable data on the geographical distribution of aid received in 1975 from all sources, including non-Commonwealth countries, it is not possible to indicate the proportion of aid received by the Commonwealth developing countries and territories that came from Commonwealth sources, but it is believed to have remained significant for almost all and substantial for a number of them.

  • Annex and Statistical Annex
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