Financial and Banking News
Arab Aid Drops 29% in 1988
Official Development Assistance (ODA) from all Arab countries dropped by 29%during 1988, according to estimates published last week by the DevelopmentAssistance Committee (DAC) of the OECD. The DAC figures show that Arab aidtotaled $2.3bn in 1988, compared with $4.5bn two years before. In real terms,aid by Arab donors (both bilateral and multilateral) has declined for the eighthconsecutive year, and was...