Global Development Finance 2007: (Complete Edition) The Globalization of Corporate Finance in Developing Countries
World Bank Publications, 2007 M01 1 - 476 pages
Global Development Finance (GDF), is the World Bank's annual review of recent trends in and prospects for financial flows to developing countries. It is an indispensable resource for governments, economists, investors, financial consultants, academics, bankers, and the entire development community. Vol I: Analysis and Outlook reviews recent trends in financial flows to developing countries. Vol II. Summary and Country Tables* includes comprehensive data for 138 countries, as well as summary data for regions and income groups. Also available on CD-ROM, with more than 200 historical time series from 1970 to 2005, and country group estimates for 2006. * Vol II. Summary and Country Tables
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Global Development Finance 2007: Review, analysis, and outlook
World Bank Staff
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Global Development Finance 2007 (Complete Edition): The Globalization of ...
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0.0 Commercial banks Africa AGGREGATE NET RESOURCE arrears on LDOD Asia AVERAGE TERMS Bilateral Bonds borrowing capital change in debt COMMITMENTS Concessional corporate creditors Principal CURRENCY COMPOSITION Current account balance debt buyback Debt forgiven DEBT RESTRUCTURINGS Debt stock Debt stock reduction decline demand developing countries employees estimates Euro exchange Exports external Figure FINANCE flows on debt Foreign direct investment global Grace period Grant element Gross national income growth IBRD IMF credit IMF repurchases Imports increased interest arrears interest forgiven loans Long-term debt Maturity Memo million Multilateral Notes OBLIGATIONS Official creditors percent Portfolio equity flows Principal repayments Private creditors Private nonguaranteed Public and publicly Public and publiclyguaranteed PUBLICLY GUARANTEED DEBT purchases rates region Reporting rescheduled RESOURCE FLOWS risk serv Short-term debt Short-term debt interest Source Table Total debt service TOTAL DEBT STOCKS TRANSFERS LONG-TERM transfers on debt unless otherwise indicated World Bank
Page xv - IMF resources, excluding those resulting from drawings in the reserve tranche and the IMF Trust Fund. The use of IMF credit is a special item and is not included in either short- or long-term debt.
Page xvi - Portfolio equity flows are the sum of country funds, depository receipts (American or global), and direct purchases of shares by foreign investors. Grants are defined as legally binding commitments that obligate a specific value of funds available for disbursement for which there is no repayment requirement. The memorandum item technical cooperation grants includes free-standing technical cooperation grants, which are intended to finance the transfer of technical and managerial skills or of technology...
Page xxiii - ODA Official development assistance OECD Organisation for Economic Co-operation and Development OPEC Organization of Petroleum Exporting Countries...
Page xx - ... in each category have been weighted by the amounts of the loans. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 10 percent. The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. Loans with an original grant element of 25 percent and above are defined...
Page xvi - GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to US dollars at official exchange rates for comparisons across economies. The World Bank Atlas method is used to smooth fluctuations in prices and exchange rates.
Page xv - Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents and repayable in foreign currency, goods, or services.
Page xvi - Foreign direct investment is net inflows of investment to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. It is the sum of equity capital, re-investment of earnings, other long-term capital, and short-term capital, as shown in the balance of payments.
Page xx - Association (IDA) credits. Additional information has been drawn from the files of the World Bank and the IMF. Reporting countries submit detailed (loan-by-loan) reports through the DRS on the annual status, transactions, and terms of the long-term external debt of public agencies and that of private ones guaranteed by a public agency in the debtor country. This information forms the basis for the tables in these volumes.
Page xi - Debt data received by the Bank from its members are expressed in the currencies in which the debts are repayable or in which the transactions took place. For aggregation, the Bank converts these amounts to US dollars using the IMF par values or central rates, or the current market rates where appropriate. Service payments, commitments, and disbursements (that is, flows) are converted to US dollars at the average rate for the year.