Publication:
Response of the Arab Donors to the Global Financial Crisis and the Arab Spring

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dc.contributor.authorRouis, Mustapha
dc.date.accessioned2014-11-19T17:04:46Z
dc.date.available2014-11-19T17:04:46Z
dc.date.issued2013-12
dc.description.abstractDevelopment assistance from Gulf Cooperation Council (GCC) countries and Arab financial institutions has been responsive in addressing development and humanitarian needs in many developing countries. Since the global financial crisis (2008-2011), the combined net official development assistance (ODA) from Kuwait, Saudi Arabia and the UAE peaked at US$ 6.5 billion in 2008at the height of the global financial crisis. It has since remained relatively high at US$ 4.8 billion annually on average. Total ODA from the three also increased significantly as a share of gross national income, yielding a weighted average of 0.55 percent during 2008-2011, compared to 0.49 percent in the previous four years. The share of Arab financial institutions' aid to International Development Association (IDA) recipients grew by 9 percentage points between 2005-2007 and 2008-2012, reaching 47 percent of total commitments. The overall annual average of financial assistance provided to Arab Spring countries by Arab financial institutions in 2011 and 2012 was slightly higher than the average during the global economic and financial crisis, which in turn was nearly 70 percent higher than the average prior to the crisis. The Gulf countries pledged substantial financial support to the countries undergoing political transitions in the wake of the Arab Spring, but disbursements lagged behind those countries' acute needs. Saudi Arabia has pledged the most funding in this regard.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/12/18729612/response-arab-donors-global-financial-crisis-arab-spring
dc.identifier.doi10.1596/20556
dc.identifier.urihttps://hdl.handle.net/10986/20556
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesMENA knowledge and learning quick notes series;no. 112
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectAID
dc.subjectAID FLOW
dc.subjectBALANCE OF PAYMENTS
dc.subjectCOMMODITY
dc.subjectCURRENCY
dc.subjectCURRENCY DEPRECIATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT ASSISTANCE
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT INSTITUTIONS
dc.subjectDEVELOPMENT PROJECTS
dc.subjectDISBURSEMENT
dc.subjectDISBURSEMENTS
dc.subjectDONOR COUNTRIES
dc.subjectECONOMIC CRISIS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectFINANCIAL AID
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL SUPPORT
dc.subjectFISCAL DEFICIT
dc.subjectFOREIGN AID
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOUNDATIONS
dc.subjectHIPC
dc.subjectHUMANITARIAN AID
dc.subjectHUMANITARIAN ASSISTANCE
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINTERNATIONAL COOPERATION
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTMENT VEHICLE
dc.subjectMONETARY FUND
dc.subjectNATIONS
dc.subjectOFFICIAL DEVELOPMENT ASSISTANCE
dc.subjectPLEDGES
dc.subjectPOLITICAL TRANSITIONS
dc.subjectPROJECT FINANCING
dc.subjectRECIPIENT COUNTRIES
dc.subjectREFUGEES
dc.subjectREGIONAL DEVELOPMENT
dc.subjectRESERVES
dc.subjectSOCIAL DEVELOPMENT
dc.subjectTRANSITION COUNTRIES
dc.titleResponse of the Arab Donors to the Global Financial Crisis and the Arab Springen
dspace.entity.typePublication
okr.crosscuttingsolutionareaFragility, Conflict, and Violence
okr.date.disclosure2014-11-06
okr.date.doiregistration2025-04-29T09:33:16.533768Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2013/12/18729612/response-arab-donors-global-financial-crisis-arab-spring
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.guid523501468051246947
okr.identifier.externaldocumentum000356161_20131230154814
okr.identifier.internaldocumentum18729612
okr.identifier.report83727
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/12/30/000356161_20131230154814/Rendered/PDF/837270BRI0Box30ge0note0series0QN112.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.geographicalNorth Africa
okr.region.geographicalMiddle East
okr.topicCountry Strategy and Performance
okr.topicConflict and Development::Post Conflict Reconstruction
okr.topicPrivate Sector Development::Emerging Markets
okr.topicDevelopment Economics and Aid Effectiveness
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth
okr.unitOffice of the Chief Economist (MNACE)
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