Role of Private Actors in Development 2009 RUBIN SYMPOSIUM: The Privatization of Development Assistance December 4-5, 2009 NYU School of Law Heidi Metcalf.

Role of Private Actors in Development

2009 RUBIN SYMPOSIUM:The Privatization of Development

AssistanceDecember 4-5, 2009NYU School of Law

Heidi Metcalf LittleDeputy Director and Senior Fellow

Center for Global ProsperityHudson InstituteWashington DC

Laying the Foundation

Total Official and Total Private Flows – Philanthropy, Remittances, Investment – from OECD Donor Countries to Developing Countries, 1991-2007 (billions of $)

Official, Private Investment, Philanthropic and Remittance Flows from OECD Donor Countries to Developing Countries, 1991-2007 (Billions of $)

Remittances Received by All Countries and by

Developing Countries, 2000-2007 (Billions of $)

Remittances from OECD Donor Countries to

Developing Countries, 2007 (Billions of $)

Remittances from the United States to Developing

Countries by Region, 2007 (Billions of $)

Total U.S. Economic Engagement with Developing Countries, 2007

Incomplete Private Giving Numbers Submitted to OECD and More Complete Numbers from CGP, 2007 (Billions of $)

Net ODA as Percentage of GNI,

2007

Total Assistance from OECD Donor Countries to Developing Countries: ODA Philanthropy and Remittances

as Percentage of GNI, 2007

Private Development Assistance

Definition as compared to ODA:

Cross-boarder transfers of cash, grants, loans, in-kind contributions or volunteer time to individuals, NGOs, and/or governments ultimately residing in Part 1 of the DAC list of Aid Recipients (developing countries) which are:

(a) undertaken by private actors including individuals, foundations, corporations, private voluntary organizations, universities and colleges or religious organizations;

(b) with promotion of economic development and humanitarian need as the objective; and

(c) at concessional financial terms where commodities and loans are concerned.

Opportunities and Challenges

Growth

Sustainability

Impact