UID:
edocfu_9958066481702883
Umfang:
1 online resource (248 pages)
Ausgabe:
1st ed.
ISBN:
1-280-08537-1
,
9786610085378
,
1-4175-0568-0
Serie:
Global development finance ; v.1
Inhalt:
The external financing environment facing developing countries has brightened. In 2003, as global growth gained momentum, private capital flows to developing countries increased to USD 200 billion - their highest level in five years. Harnessing these gains to promote long-term investment and growth is the key theme of Global Development Finance 2004. By providing a comprehensive review of recent trends in and prospects for all development-related flows (including debt, equity, official aid, and workers' remittances), Global Development Finance 2004 enables government officials, economists, investors, financial consultants, academics and policymakers in the development community to better understand, manage, and promote the key challenge of financing development in today's globalized environment. I: Analysis and Summary Tables reviews recent trends in financial flows to developing countries and assesses the global outlook in light of the recent economic recovery. It highlights sources of vulnerability and risk in the recovery in private flows, notably the likely increases in interest rates in the advanced economies, volatility in major currencies and financial markets stemming from large global current-account imbalances, and fears of policy slippages in macroeconomic management in developing countries. II: Summary and Country Tables includes comprehensive data for 136 countries that report under the World Bank Debtor Reporting System, and summary data for regions and income groups. It contains data on total external debt stocks and flows, aggregates, and key debt ratios, and provides a detailed, country-by-country picture of debt.
Anmerkung:
On cover: "A World Bank book."
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Intro -- Table of Contents -- Foreword -- Acknowledgments -- Selected Abbreviations -- Overview and Policy Messages: Harnessing Cyclical Gains for Development -- Chapter 1 The Global Upturn and the Need for Adjustment -- Adjustment, recovery, and imbalances in the high-income countries -- Developing countries: a favorable outlook, but risks remain -- Regional prospects -- Advanced-economy policies and the outlook for development finance -- Note -- References -- Chapter 2 Private Debt Finance for Developing Countries -- Conditions affecting the supply of funds -- Conditions affecting the demand for funds -- Ongoing structural change in financing -- Bond flows responded strongly to the external environment and domestic conditions -- Bank lending picked up -- Progress in reforming the international financial architecture -- Prospects for private debt flows -- Notes -- References -- Annex: Commercial Debt Restructuring -- Chapter 3 Shifting Forms of Equity Finance for Developing Countries -- Trends in FDI flows in 2003 -- The shifting composition of FDI toward services -- Trends in portfolio equity flows to developing countries -- Why portfolio equity flows are so much smaller than FDI and debt flows -- Prospects for 2004-2005 -- Annex A FDI Forecasting Model -- Annex B Top 25 International Equity Deals in 2003 -- Notes -- References -- Chapter 4 The Changing Landscape for Official Flows -- Recent trends in official flows -- Prospects for a rise in official aid -- Strategic considerations and aid flows -- Progress in raising aid effectiveness -- The Heavily Indebted Poor Countries Initiative -- The growing importance of international civil society in development -- Notes -- References -- Chapter 5 Financing Developing Countries' Trade -- Evolution in the sources, magnitude, and methods of trade finance.
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Access of less creditworthy borrowers to trade finance -- Trade finance in times of crisis -- Notes -- References -- Chapter 6 The Challenge of Financing Infrastructure in Developing Countries -- The changing balance between the public and private sectors -- Recent developments in private external financing -- Unlocking the potential of the global capital markets -- Notes -- References -- Appendix A: Enhancing the Developmental Effect of Workers' Remittances to Developing Countries -- Appendix B: Summary Statistical Tables -- Tables -- 1 Net capital flows to developing countries, 1997-2003 -- 2 Net private capital flows to developing countries, 1997-2003 -- 1.1 Global outlook in summary, 2002-2006 -- 1.2 Financing of U.S. current account deficit, 1999-2003 -- 1.3 Export revenues of developing countries, 2000-06 -- 1.4 Developing-country growth, 1991-2006 -- 1.5 Growth in Europe and Central Asia, 1991-2006 -- 1.6 Growth in South Asia, 1991-2006 -- 1.7 Growth in East Asia and Pacific, 1991-2006 -- 1.8 Growth in Sub-Saharan Africa, 1991-2006 -- 1.9 Growth in the Middle East and North Africa, 1991-2006 -- 1.10 Growth in Latin America and the Caribbean, 1991-2006 -- 2.1 Net debt flows to developing countries by region, 2000-03 -- 2.2 Gross market-based debt flows to developing countries, 2000-03 -- 2.3 Declining severity of contagion over time -- 2.4 Selected indicators of debt burden, 1997-2003 -- 2.5 Net bank flows to developing countries, 2001-03 -- 2.6 Average spreads on medium- and long-term announced loans, 1999-2003 -- 2.7 International claims of BIS-reporting banks -- 2.8 Covenants of bond issues with CACs -- 3.1 Net FDI inflows to developing countries, 1997-2003 -- 3.2 Estimates of South-South FDI flows to 30 developing countries, 1995-2001 -- 3.3 Average share of services in FDI flows and in GDP.
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3.4 FDI in services, by investment climate in selected economies -- 3.5 Composition of FDI by region, 1995-2002 -- 3.6 Net inward portfolio equity flows to developing countries, 1995-2003 -- 3.7 Forecast for equity flows to developing countries, 2002-05 -- 3A.1 Regression results of FDI forecasting model -- 4.1 Net official development assistance, 1990-2002 -- 4.2 Net official financing of developing countries, 1990-2003 -- 4.3 Aid commitments and announcements after the Monterrey Conference, March 2002 -- 4.4 Net ODA to Afghanistan and neighboring countries, 1998-2002 -- 4.5 Quality of governance, institutions, and public services during the 1990s -- 4.6 Debt indicators for HIPCs that have reached decision point -- 4.7 Aid from private voluntary organizations, 2001 -- 5.1 Ratio of officially supported export credits to imports -- 5.2 Use of trade credit before and after East Asian crisis of 1997-98 -- 6.1 International investment in developing countries' infrastructure as a share of total gross domestic capital formation, 1992-2003 -- 6.2 Infrastructure bond issuance, 1994-2003 -- 6.3 Total global international bank lending and bond issuance, 1990-2003 -- Figures -- 1 Net financial flows to developing countries, 1992-2003 -- 2 Developing countries' current-account balance, 1997-2003 -- 3 Spreads on emerging-market bonds, January 2002-February 2004 -- 4 Global current-account balances, 2003 -- 1.1 Contribution of investment to global GDP growth, 1998-2006 -- 1.2 Corporate profits in Japan and the United States, 2001-04 -- 1.3 Short-term interest rates in the Euro zone, Japan, and the United States, 2001-04 -- 1.4 Long-term interest rates (10-year government bond yields) in the Euro zone, Japan, and the United States, 2001-04 -- 1.5 Net financial flows to the United States, 2000-03.
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1.6 GDP growth in low- and middle-income and high-income countries, 2002-03 -- 1.7 Contributors to GDP growth in developing countries by demand component, 2002-03 -- 1.8 Growth in imports and exports of goods and nonfactor services, 2003 -- 1.9 Global import growth and developing countries' contribution, 1998-2003 -- 1.10 Sub-Saharan African oil production as a share of world oil production, 1994-2003 -- 1.11 Volatility of export growth in Latin America and the Caribbean, 1971-2003 -- 2.1 Debt flows to developing countries, 1995-2003 -- 2.2 Yields on debt to developing and developed countries, 1990-2003 -- 2.3 Distribution of daily change in spreads, Jan. 1998-Oct. 2003 -- 2.4 U.S. corporate profits, 2000-03 -- 2.5 Spreads on developing countries and on developed-country high-risk debt, 1990-2003 -- 2.6 Quality of developing-country credit, 1998-2003 -- 2.7 International reserves of developing countries, 1993-2003 -- 2.8 Growth in private debt and share of bank lending in private debt, 1971-2002 -- 2.9 Credit default swap spreads for all developing countries and selected regions -- 2.10 Emerging market spreads, 2002-04 -- 2.11 Episodes of compression in developing-country spreads, 1993-2003 -- 2.12 Decline in developing-country spreads by credit-risk category -- 2.13 Bond issuance from developing countries, 2002-03 -- 2.14 Sovereign bond issuance, 1997-2003 -- 2.15 Breakdown of bond issues by type of borrower, 2003 -- 2.16 Average spreads on new bond issuance, 1991-2003 -- 2.17 Cross-border claims of BIS-reporting banks, 1995-2003 -- 2.18 Foreign lending of Japanese banks to developing countries, 1983-2003 -- 2.19 Foreign lending of U.S. banks to developing countries, 1983-2003 -- 2.20 Lending of BIS-reporting banks to developing countries, 1983-2003 -- 2.21 Local-currency claims and liabilities in developing countries, 1983-2003.
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2.22 Spanish banks' foreign and local currency lending to developing countries, 1985-2003 -- 2.23 International bank lending to Africa, 1983-2003 -- 3.1 Net inward FDI flows to developing countries, 1995-2003 -- 3.2 FDI inflows to the world and developing countries, 1997-2003 -- 3.3 Privatization and M& -- A in developing countries, 1995-2003 -- 3.4 FDI as share of GDP in developing countries, 1995-2003 -- 3.5 Regional shares in FDI -- 3.6 Sectoral composition of FDI stock in developing countries in 2002 -- 3.7 Indexes of restrictions on FDI in selected sectors of advanced economies -- 3.8 The recent decline in FDI in the Latin American service sector -- 3.9 Repatriated earnings and called intercompany loans in Argentina and Brazil -- 3.10 Composition of FDI flows in developing countries, 1995-2002 -- 3.11 Decline of intercompany loans versus equity component of FDI during financial crises -- 3.12 Intercompany loans and private debt flows in Brazil, 1990-2002 -- 3.13 U.S. reinvested earnings and income in OPEC mining sector, 1995-2002 -- 3.14 U.S. reinvested earnings and income in selected regions, 1995-2002 -- 3.15 Portfolio equity flows, 1990-2003 -- 3.16 Gross equity flows to developing countries and emerging-market stock prices -- 3.17 Sectoral composition of gross flows in 2003 -- 3.18 Currency composition of gross flows in 2003 -- 3.19 Number of listed stocks on selected developing-country exchanges, by region -- 3.20 Stock market performance in the United States, Europe, and Japan -- 3.21 Equity issuance by public and private sector firms, 1990-2003 -- 3.22 The rise in M& -- A and the decline in portfolio equity flows, 1994-2002 -- 3.23 Market capitalization as share of GDP -- 3.24 Annualized volatility in developed- and developing-country stock and bond markets, 1990-2003.
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4.1 Net official development assistance to developing countries, 1990-2002.
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English
Weitere Ausg.:
ISBN 0-8213-5740-9
Sprache:
Englisch
DOI:
10.1596/0-8213-5740-9
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