28 November 2012

Visualizing the Sharp Rise of Aid to Least Developed Countries

The global financial crisis caused a slow-down in foreign direct investments in least developed countries, but aid is still rising quickly. Remittances are on the up and up, but The Economist notes that it is in some part due to an increase in migration. However, remittances play an important economic role accounting "for 4.4% of the LDCs' GDP, are equivalent to 15% of their exports, and are their second-largest source of foreign financing"