Guam Economic aid - recipient

Economic aid - recipient: Guam receives large transfer payments from the US Federal Treasury into which Guamanians pay no income or excise taxes; under the provisions of a special law of Congress, the Guam Treasury, rather than the US Treasury, receives federal income taxes paid by military and civilian Federal employees stationed in Guam (2001 est.)

Definition: This entry, which is subject to major problems of definition and statistical coverage, refers to the net inflow of Official Development Finance (ODF) to recipient countries. The figure includes assistance from the World Bank, the IMF, and other international organizations and from individual nation donors. Formal commitments of aid are included in the data. Omitted from the data are grants by private organizations. Aid comes in various forms including outright grants and loans. The entry thus is the difference between new inflows and repayments. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.

Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of September 17, 2009