TNAG-2461-FCO40-3582-Relations-between-Hong-Kong-and-Commonwealth-countries-1992 — Page 28

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Official Development Assistance let oda disbursements from DAC countries totalled US$54.3 billion in 1990. Allowing for changes in prices and dollar exchange rates, this represents a 4 per cent increase in real terms over 1989. The challenge for developed and developing countries alike is to use official aid to best effect. Appropriate domestic economic policies are essential for sound growth. To be effective aid programmes aust be dravn

response to individual country needs. Global figures mask differences between developing countries. The economic performance of Bangladesh for example has been reasonably encouraging in recent years, compared with the stagnation of a number of African economies.

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