Fourth Annual Index of Global Philanthropy and Remittances Shows Private Philanthropy, Remittances Provide Lifeline to Developing Countries During Recession

WASHINGTON, April 27, 2009 — Despite the global recession, private giving and remittances are expected to be lifelines to help developing countries weather the economic storm, according to the new 2009 Index of Global Philanthropy and Remittances published by Hudson Institute's Center for Global Prosperity (CGP).