Compared to the size of the us economy,
the figures I have at hand may not be
stunning (and as yet I have no way of knowing, because I do not have comparative data
from other countries); compared to the size of
North-South aid flows, they indeed are.
During the last few years, all North-South aid
flows, including World Bank loans, have
totalled about US $55-60 billion each year. But
a recent report in the us News and World
Report says that in 1994 alone, us citizens,
foundations and corporations donated a
staggering sum of us $129.9 billion (approximately Rs 4,30,000 crore) to American NGOs.
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