The sharp rise in financial flows (not only aid but also foreign direct investment) from Asia is one of the big changes in development finance in the six years since Monterrey.

The Gulf States may well announce a step up in aid at Doha; their foreign exchange reserves have grown with the high oil price. Another big change is the increasing importance of global philanthropy, in particular the Bill and Melinda Gates Foundation.

Although the downturn in equity and bond markets may have reduced the income of philanthropic foundations, they will remain a growing and important presence, especially in financing innovations in health and agricultural technologies.

Quote Development Finance lvb