Global Development Finance 2003

Global Development Finance 2003

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This publication is the World Bank's annual review of recent trends in and prospects for financial flows to developing countries. It also contains the Bank's projections of the global outlook in light of current global geopolitical uncertainties. It describes a fundamental shift that has occurred in the pattern of private sector financial flows to developing countries. Debt flows have fallen sharply, while equity flows have remained comparatively robust. This shift from debt to equity should diminish the volatility of developing countries' external finance and improve their access to technology, markets, and management expertise. Recovery though has been weak due to broader geopolitical and financial market uncertainties.GLOBAL DEVELOPMENT FINANCE IS THE World Banka#39;s annual review of global financial conditions facing developing countries. The current volume provides analysis and a statistical appendix. A separate volume contains detailed , anbsp;...

Title:Global Development Finance 2003
Publisher:World Bank Publications - 2003-01-01


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