"What I find exciting about private giving is that it's reinventing foreign assistance," says Carol Adelman, director of
But there's no sign yet that this dramatic change means a significant increase in resources for developing countries.
Official development aid from the 22 donor nations decreased from $106 billion in 2005 to $104 billion in 2006.
[Compare the importance of money sent home by migrant workers.] Developing nations received $122.4 billion in migrant workers’ remittances from donor countries in 2006.
Thus the most positive note for poor nations appears to rest in the surge in remittances sent by migrants to their families.
[Christian Science Monitor]