{"id":11064,"key":"Domestic_savings","title":"Domestic savings","latest":{"id":1205591,"timestamp":"2025-11-27T15:52:36Z"},"content_model":"wikitext","license":{"url":"https://www.appropedia.org/Appropedia:Copyrights","title":"CC-BY-SA-4.0"},"source":"[[File:Money of Venezuela - VOA.jpg|thumb]]\n\nDomestic savings are a major resource for developing countries. In 2003, they were estimated to equal $2.5 trillion. This dwarfs global ODA, which in 2003 totaled $70 billion. Foreign direct investment, which totaled $152 billion in 2003, also exceeds ODA, as do workers' remittances, valued at $116 billion. Developing countries must adopt policies that encourage domestic savings to remain in their home countries to contribute to growth and development and that encourage foreign investment.<ref>[http://web.archive.org/web/20090115070047/http://www.state.gov/r/pa/scp/2005/53037.htm The U.S. Approach to International Development], Bureau of Public Affairs, Washington DC, September 12, 2005, ([[public domain]]).</ref>\n\n== Notes ==\n\n<references />\n\n{{Page data\n| license = CC-BY-SA-3.0\n}}\n\n[[Category:Funding]]"}