The Index of Global Philanthropy and Remittances 2011

Abstract

Several years into the financial slowdown that has reshaped the global economy, it is clear that private financial flows have proved their staying power in terms of international assistance. Overall, private financial flows to the developing world have The Index of Global Philanthropy and Remittances remained remarkably stable in the face of economic turmoil. Philanthropy and remittances continue to provide a lifeline to the poor around the world. U.S. Private philanthropic giving abroad rose slightly in 2009, despite the continued economic downturn, increasing by $200 million from 2008. Remittances declined only marginally, from $96.8 billion to $90.7 billion in 2009, as predicted, and are expected to climb in 2010. Private capital investment flows returned to positive territory in 2009 after taking a dramatic downturn in 2008 as a result of the financial crisis.