Global development finance 2004: harnessing cyclical gains for development, 1: Analysis and statistical appendix 2004World Bank, 2004 - 232 pages The external financing environment facing developing countries has brightened. In 2003, as global growth gained momentum, private capital flows to developing countries increased to $200 billion A? 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. With analysis and data spanning from short-term trade to long-term infrastructure finance, Global Development Finance 2004 is unique in its breath of coverage of the issues related to international development finance. By providing a comprehensive review of recent trends in and prospects for all development-related flows (including debt, equity, official aid, and workersA' 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 todayA's globalized environment. Global Development Finance 2004, I: Analysis and Summary Tables reviews recent trends in and prospects for financial flows to developing countries. 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. It also contains the World BankA's assessment of the global outlook in light of the recent economic recovery. Global Development Finance 2004 debt data are also available on CD-ROM and online, with more than 200 historical time series from 1970 to 2002, and country group estimates for 2003. |
Contents
Harnessing Cyclical Gains for Development | 3 |
2 | 4 |
The Global Upturn and the Need for Adjustment | 13 |
Copyright | |
30 other sections not shown
Other editions - View all
Common terms and phrases
Argentina Asian assets average Bank debt restructurings bank lending Bank staff estimates basis points billion in 2003 billion of maturities borrowers Brady bonds Brady deal Brazil buyback capital flows capital markets Caribbean Central Asia China commercial banks coun credit quality creditors crises crisis current account debt flows decline deficit devel developing countries developing-country discount bonds domestic donors East Asia economic emerging markets emerging-market Europe and Central exchange export credit agencies FDI flows figure firms fiscal flows to developing foreign funds GDP growth global high-income improved increased infrastructure interest rates investment investors Latin America LIBOR long-term money maturities in January NGOs OECD payments percent in 2003 percent of GDP policies portfolio equity flows principal reduced region remittances Rescheduling agreement risk Russian Federation Source South Asia spreads Sub-Saharan Africa telecommunications tion trade credit trade finance U.S. dollar volatility World Bank staff