Global Development Finance combines a diagnosis of recent trends and prospects for capital flows to developing countries with an analysis of important policy issues, and is published in the spring of each year.
NEW: Published May 29, 2007
Global Development Finance 2007: The Globalization of Corporate Finance in Developing Countries
Global Development Finance 2007, I: Review, Analysis, and Outlook is the World Bank’s annual review of recent trends in and prospects for financial flows to developing countries. This year’s special topics—low-income countries’ access to commercial debt markets and financial globalization of the corporate sector in developing countries—highlight two areas of increasing importance to the future growth and financial stability of emerging market economies.
Previous reports
Global Development Finance 2006: The Development Potential of Surging Capital Flows
Net private capital flows to developing countries reached a record high of $491 billion in 2005, driven by privatizations, mergers and acquisitions, external debt refinancing, as well as strong investor interest in local-currency bond markets in Asia and Latin America, says the World Bank’s annual 2006 Global Development Finance report. The surging flows, including record bank lending and bond issuance, among others, coincided with 6.4-percent economic growth in the developing world last year, more than double the 2.8-percent growth in developed countries.
Global Development Finance 2005: Mobilizing Finance and Managing Vulnerability
The theme of Global Development Finance 2005 -mobilizing finance and managing vulnerability- embraces three key challenges: (i) Managing the vulnerability inherent in global econmic and financial imbalances, (ii) Confronting the risks posed by the new complexities in developing country debt, and (iii) Mobilizing and diversifying sources.
Global Development Finance 2004: Harnessing Cyclical Gains for Development
This report 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. The report also includes chapters on financing trade and infrastructure in developing countries.
Global Development Finance 2003: Striving for Stability in Development Finance
The Report concludes that the lower volatility of foreign direct investment (FDI) and remittances is fostering a more stable environment for those developing countries that have learned to live with less external debt.
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