Global Development Finance 2006: The Development Potential of Surging Capital FlowsWorld Bank Publications, 2006 M01 1 - 702 pages "International private capital flows to developing countries reached a record net level of $491 billion in 2005. This surge in private capital flows offers national and international policy makers a major opportunity to bolster development efforts if they can successfully meet three challenges. The first is to ensure that more countries, especially poorer ones, enhance their access to developmentally beneficial international capital through improvements in their macroeconomic performance, investment climate, and use of aid. The second is to avoid sudden capital flow reversals by redressing global imbalances through policies that recognize the growing interdependencies between developed and developing countries' financial and exchange rate relations in the determination of global financial liquidity and asset price movements. And the third is to ensure that development finance, both official and private, is managed judiciously to meet the development goals of recipient countries while promoting greater engagement with global financial markets. These are the themes and concerns of this year's edition of Global Development Finance. Vol I. Anlaysis and Statistical Appendix 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." |
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Global Development Finance 2006 (Complete Print Edition): The Development ... Banque mondiale,World Bank No preview available - 2006 |
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Africa aggregate amount arrears Asia assets average balance Bangladesh Bilateral billion Bonds borrowing Brazil Central China Commercial banks Concessional coun currency debt relief Debt stock developing countries developing-country Disbursements domestic economic effect emerging market equity estimates Europe exchange rate exports external debt figure foreign funds global grants growth higher HIPC IBRD important improve income increase India indicated Initiative institutional Interest International investment investors issues Latin America LDOD lending loans Long-term debt major markets Maturity Memo ment Mexico Multilateral Note Official creditors outstanding Paris Club payments percent Principal Private creditors Private nonguaranteed projects Public and publicly publicly guaranteed reduction region repayments reported Republic rescheduled reserves risk sector share Short-term debt Source South South–South Table tion TOTAL DEBT trade transfers World Bank
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Page xii - Bank includes the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).
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 - 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 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 xix - ... 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 xx - 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 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 xv - Net credit (purchases, repurchases and charges) transactions with respect to all uses of 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 xi - Debt data received by the Bank from its members are expressed in the currencies in which the debts are repayable or in which 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 (flows) are converted to US dollars at the average rate for the year.
Page xvii - Data are aggregated by type of creditor. Official creditors includes multilateral and bilateral debt. • Loans from multilateral organizations are loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. • Bilateral loans are loans from governments and their agencies (including...