ISAS Insights

The decline in Official Development Assistance (ODA) extended to many developing countries in recent years has made it necessary for them to look beyond official sources of financing and tap the various sources of private external financing, including workers' remittances. This paper discusses the relative magnitudes and stability of the various sources of external finance available to developing countries, with a specific focus on individual South Asian countries. Particular attention is paid to workers' remittances which is an important and stable source of financing for the developing countries, especially those in South Asia.