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Wednesday, 13 October 1971
Page: 2334

Mr Whitlam asked the Treasurer, upon notice:

Will he prepare a table of net flows of official and private resources to developing countries in 1970 corresponding to the table given by his predecessor on 29th September 1970 (Hansard, page 1846).

Mr McMahon - The answer to the honourable member's question is as follows:

The information requested by the honourable member is set out in the following table:


These figures are based on data compiled by the Development Assistance Committee- of the OECD- they are not final and may be subject to minor modifications.

The figures quoted above for official flows differ from those contained in Statement No. 8 attached to the Budget Speech for 1971-72 because the latter relate to official development assistance only and do not include official loans or export credits extended on non-concessional terms or subscriptions to bonds issued by internatioal institutions like the World Bank and the Asian Development Bank which bear market rates of interest.

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