Least Developed Countries, The: Aid, Private Capital Flows and External Debt - The Challenge of Financing Development in the LDCs

It had been hoped that the globalisation of production and finance combined with the liberalisation of economic activity would reduce poverty in the least developed countries. However this has not been the case. The number of people living in poverty has increased and the poorest countries are failing to catch up. There is a need for a rethink of international development cooperation. The IMF is attempting to change the way it operates in poor countries so that the emphasis is on poverty reduction and growth rather than structural adjustment. The World Bank is reviewing its lending and the OECD has produced a report on bilateral aid. This report looks at economic growth and social trends in the 1990s and the challenges of financing development. Topics covered include resource mobilisation, private capital flows, structural adjustment, debt relief and aid effectiveness. There is also a statistical annexUnited Nations Conference On Trade And Development Staff is the author of 'Least Developed Countries, The: Aid, Private Capital Flows and External Debt - The Challenge of Financing Development in the LDCs', published 2000 under ISBN 9789211124910 and ISBN 9211124913.