Hudson Institute's Center for Global Prosperity (CGP) is pleased to announce the publication of its seventh annual Index of Global Philanthropy and Remittances, the sole comprehensive guide to global philanthropy and remittances from developed to developing countries.
The Index is officially launched Monday, April 2, 2012, 4:00 PM to 5:30 PM, at the Center's joint event with Georgetown University ’s School of Foreign Service. Click here for more information.
At the event, Dr. Carol Adelman , Director, CGP at Hudson Institute; Dr. Carol Lancaster, Dean, School of Foreign Service; and Dr. Caroline Anstey, Managing Director, World Bank will discuss how foreign aid has been transformed by increased private monies, new financing mechanisms, and a generation of hands-on problem solvers working in partnership with local citizens for sustainable solutions.
The 2012 Index shows:
•In 2010, the most recent year for which data are available, philanthropy and remittances from the developed to the developing world were nearly twice as much as government aid ($246 vs. $128 billion);
•All private financial flows, including private capital investment, comprise 82% percent of the developed world’s total economic engagement with developing countries;
•While total government aid grew to one of its highest levels of $128 billion, it accounts for only 18% of total financial flows and continues to be a minority shareholder in international assistance efforts.
•Private flows from the U.S. to developing countries made solid gains in 2010, accounting for 91% of total U.S. economic engagement with the developing world;
•The increasing sophistication of development partnerships, led by new private actors, who are combining for-profit and non-profit investments in ways that are dramatically changing the foreign aid architecture as we know it today.
The online version of the 2012 Index can be downloaded for free from CGP's website, link above