Global Money Flows Into and Out of Low and Middle Income Countries

Global MONEY flows Into and Out of Low and Middle Income Countries MONEY ($Bn) flowing IN 0.5 Foreign direct investment 514 Lending to governments 253 Lending to private comp anies 386 Foreign portfollII777 1 9.5 1.5 2 2.5 8.5 linvestment 130 Migrant remittances 59 Aid 130 Profits taken out by multinationals 343 Private debt service 358 Public debt service 180 8 Illicit financial flows 903 2.5 8.5 6. MONEY ($Bn). 1.5 9.5 0.5 ($Bn) flowing OUT Servicing debt costs developing countries over five times more than they receive in the majority world into poverty. The G8 and the G20, the International Monetary Fund and the World Bank have created financial policies that have effectively crippled low-income The significance of flows of aid to developing Rather than helping, rich nations have pushed countries can only be properly understood in context and in comparison to the scale of these other flows of capital out of the Activists from the Global South tell a very This image visualises the flow of aid to different story. This map illustrates this developing countries by putting these numbers in context. In wealthy countries Money flowing IN $bn aid. Wealthy countries do lend and sometimes give money to developing nations - but they also extract far greater wealth as debt counter-narrative using data from World Lending to private companies Lending to governments Foreign direct investment developing world. By illustrating flows of aid into – and flows of capital out of, low and countries for decades. Odious debts draw Bank depicting the hidden flows of capital such as the UK we like to think that rich into and out of low and middle-income capital from the poor into wealthy financial servicing, profits to multi-nationals and illicit countries. It exposes the disturbing fact that rich nations extract significantly more money nations help poorer nations with aid and middle-income countries this image tells a Foreign portfolio investment Migrant remittances Aid other types of development funding. We have millennium goals to eradicate poverty, surely we are helping our Southern neighbours develop sustainably! more comprehensive story about aid, debt and development frameworks. financial flows. Meanwhile, low and centres in rich nations. Global social middle-income countries are exploited for cheap labour and natural resources. They are movements are calling for a Debt Jubilee. from the low and middle-income nations Unjust debts must be cancelled. than they give in aid. Money flowing OUT $bn Private debt service also increasingly subject to land grabs. Public debt service Profits taken out by multinationals Illicit financial flows 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 8.0 8.5 9.0 bn Designed by Dr. Jody Joanna Boehnert | Ecolabs - www.eco-labs.org | London Version 1.0 - November 2012 0.5 1.0 1.5 A map based on data provided by the Jubilee Debt Campaign. to low and middle income countries 4.5 5.5. 4. 6 3.5 6.5 3 7.5 3. 3.5 9 of low and middle income countries Global MONEY flows Into and Out of Low and Middle Income Countries MONEY ($Bn) flowing IN 0.5 Foreign direct investment 514 Lending to governments 253 Lending to private comp anies 386 Foreign portfollII777 1 9.5 1.5 2 2.5 8.5 linvestment 130 Migrant remittances 59 Aid 130 Profits taken out by multinationals 343 Private debt service 358 Public debt service 180 8 Illicit financial flows 903 2.5 8.5 6. MONEY ($Bn). 1.5 9.5 0.5 ($Bn) flowing OUT Servicing debt costs developing countries over five times more than they receive in the majority world into poverty. The G8 and the G20, the International Monetary Fund and the World Bank have created financial policies that have effectively crippled low-income The significance of flows of aid to developing Rather than helping, rich nations have pushed countries can only be properly understood in context and in comparison to the scale of these other flows of capital out of the Activists from the Global South tell a very This image visualises the flow of aid to different story. This map illustrates this developing countries by putting these numbers in context. In wealthy countries Money flowing IN $bn aid. Wealthy countries do lend and sometimes give money to developing nations - but they also extract far greater wealth as debt counter-narrative using data from World Lending to private companies Lending to governments Foreign direct investment developing world. By illustrating flows of aid into – and flows of capital out of, low and countries for decades. Odious debts draw Bank depicting the hidden flows of capital such as the UK we like to think that rich into and out of low and middle-income capital from the poor into wealthy financial servicing, profits to multi-nationals and illicit countries. It exposes the disturbing fact that rich nations extract significantly more money nations help poorer nations with aid and middle-income countries this image tells a Foreign portfolio investment Migrant remittances Aid other types of development funding. We have millennium goals to eradicate poverty, surely we are helping our Southern neighbours develop sustainably! more comprehensive story about aid, debt and development frameworks. financial flows. Meanwhile, low and centres in rich nations. Global social middle-income countries are exploited for cheap labour and natural resources. They are movements are calling for a Debt Jubilee. from the low and middle-income nations Unjust debts must be cancelled. than they give in aid. Money flowing OUT $bn Private debt service also increasingly subject to land grabs. Public debt service Profits taken out by multinationals Illicit financial flows 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 8.0 8.5 9.0 bn Designed by Dr. Jody Joanna Boehnert | Ecolabs - www.eco-labs.org | London Version 1.0 - November 2012 0.5 1.0 1.5 A map based on data provided by the Jubilee Debt Campaign. to low and middle income countries 4.5 5.5. 4. 6 3.5 6.5 3 7.5 3. 3.5 9 of low and middle income countries