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    Global Development Finance 2003: Striving for Stability in Development Finance

    The World Bank’s annual review of recent trends in and prospects for financial flows to developing countries. 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. Global Development Finance 2003 debt data are also available on CD-ROM, with more than 200 historical time series from 1970 to 2001, and country group estimates for 2002. 

    Transcript
     and Powerpoint presentation  from the Washington, D.C. launch.

    "The shift from debt to equity highlights the importance of developing countries' efforts to foster a sound investment climate. Nine-tenths of investment in developing countries comes from domestic sources. But domestic investors' needs for a positive working environment are similar to those of foreign investors. Both seek stable macro conditions, access to global markets, reliable infrastructure, and sound governance, including restraints on bureaucratic harassment and corruption."

    —    Nicholas Stern, former Chief Economist and
    Senior Vice President, The World Bank