Archive - Oct 31, 2003 - Article

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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
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.