Global Health Watch 1 in one file

1.2
1985-86
2000
2006
1.0
1990-91
2001
2012-13 (promised)
0.8
1999
2002
% of GNI
0.6
0.4
0.2
0.0
Canada
France
Germany
Italy
Japan
UK
USA
Denmark
Sweden
Norway
Figure A1 Trends in G7 development assistance, with selected comparison
countries (Source: OECD 2004a, Chirac 2003, MacAskill 2004)
• The oil price shocks of 1973 and 1979–1980. All countries were affected,
but low-income countries in particular had to borrow to pay the costs of
suddenly expensive imported oil.
• Profligate lending by banks stuffed with new petrodollars, with few checks
on the viability of the loans, or whether the money would simply disappear
into the offshore bank accounts of corrupt political leaders.
• The rapid increase in inflation-adjusted interest rates during the early
1980s, resulting from US monetarist policies. Poor, indebted countries
Sub-Saharan Africa
South Asia
Middle East, North Africa
Latin America, Caribbean
Europe, Central Asia
East Asia & Pacific
-150 -125 -100 -75 -50 -25 0 25
US$ billion, 2000
Development
assistance
Debt service
Figure A2 How debt servicing dwarfs debt assistance (Source: Pettifor
and Greenhill 2002)
Health for all in a ‘borderless world’?
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