Financial and Banking News
OPEC States Disburse $55bn ODA in 1977-83
The net disbursements of official development assistance (ODA) of all OPEC states during the seven-year period 1977-83 totalled $54.6bn, according to a recent study by the United Nations Conference on Trade and Development (UNCTAD). Measured in current prices, the peak year for OPEC's ODA disbursements was in 1980, with $9.8bn, since when the annual total has slowly declined to $6.3bn in 1983. 90% of this...