Archive - Oct 31, 2003

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Financing For Development Dialogue At UNHighlights South's Financial Woes US$200 Billion Transferred By Poor To Rich Countries In 2002

30 October, 2003
TWN Report by Martin Khor, New York, 31 October 2003
Instead of developing countries receiving more external financial resources, the reverse has hapened: there was a net transfer of funds from developing countries to developed countries amounting to almost $200 billion in 2002.