The international transfer of financial resources

If the pattern ofinternational transfers offinancial resources in the past two years turns out to be representative ofthe 1990s, then some ofthe policy concerns in international forums in this decade will be very different from those ofthe 1980s. A central issue in the 1980s was the large net financial transfer from developing to developed countries that was associated with the external debt crisis of the developing countries. In 1991 and 1992, however,the developing countries as a whole were not only net recipients offinancial resource transfers for the first time since the debt crisis began in the early 1980s, but the inflows were large. For many developing countries, particularly middle-income countries, the debt of the 1980s is no longer impeding their access to international credit, although for many others the external constraint on reactivating development binds as tightly as ever.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Climate Action