Reuters: Private capital as important as aid to poor countries, study says
“Private capital inflows are, on average, as important now to the economies of the world’s low-income countries as foreign development assistance, according to a study published on Wednesday by the Center for Global Development. In Africa, where most of those nations are located, the inflows have been bolstered by foreign direct investment (FDI) from China, which is rapidly catching up with traditional players. … Worryingly, however, the study found that growth in private capital inflows to low-income countries did not correlate to increased domestic private investment…” (Bavier, 7/24).