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Finance & Development, September 1975 [electronic resource]

By: International Monetary Fund. External Relations Dept.
Material type: materialTypeLabelBookSeries: Finance & Development; Finance & Development, Volume 12: No. 3Publisher: Washington, D.C. : International Monetary Fund, 1975Description: 1 online resource (48 p.).ISBN: 1616353228 :.ISSN: 0145-1707.Subject(s): Bank Lending | Bank Loan | Rural Development | Rural Roads | Brazil | Cameroon | Germany | India | KenyaAdditional physical formats: Print Version:: Finance & Development, September 1975Online resources: IMF e-Library | IMF Book Store Abstract: This paper describes the need for a new framework for international resource transfers. The paper highlights that the only international deal that presently exists on resource transfers is enshrined in the acceptance by the rich nations of a target of 1 percent of gross national product, with 0.7 percent as official development assistance on fairly concessional terms. However, the acceptance of this target by rich nations was grudgingly slow, and the actual performance has been most disappointing.
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This paper describes the need for a new framework for international resource transfers. The paper highlights that the only international deal that presently exists on resource transfers is enshrined in the acceptance by the rich nations of a target of 1 percent of gross national product, with 0.7 percent as official development assistance on fairly concessional terms. However, the acceptance of this target by rich nations was grudgingly slow, and the actual performance has been most disappointing.

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