11873nam 2200721Ia 450 991081431380332120200520144314.01-280-11638-297866101163861-4175-8956-610.1596/0-8213-5984-3(CKB)1000000000031527(OCoLC)133167243(CaPaEBR)ebrary10078121(SSID)ssj0000087097(PQKBManifestationID)11980771(PQKBTitleCode)TC0000087097(PQKBWorkID)10032129(PQKB)10130800(MiAaPQ)EBC3050778(Au-PeEL)EBL3050778(CaPaEBR)ebr10078121(CaONFJC)MIL11638(OCoLC)922951423(The World Bank)2017(US-djbf)2017(EXLCZ)99100000000003152719970401d2005 uf 0engurcn|||||||||txtrdacontentcrdamediacrrdacarrierAnalysis and statistical appendix mobilizing finance and managing vulnerability1st ed.Washington, D.C. World Bank20051 online resource (190 pages)Global development finance ;v.1Bibliographic Level Mode of Issuance: Monograph0-8213-5984-3 Intro -- Table of Contents -- Foreword -- Acknowledgments -- Selected Abbreviations -- Overview and Policy Messages: Mobilizing Finance and Managing Vulnerability -- Capital flows to developing countries continued to recover, but at a slower pace -- The world economy is slowing -- Growing global imbalances pose risks for emerging market economies -- The complexity of developing-country debt poses new challenges -- Meeting poor countries' financing needs requires recognition of the countries' special challenges -- Chapter 1 Financial Flows to Developing Countries: Recent Trends and Near-Term Prospects -- Capital flows to developing countries -- Capital flows from the private sector -- Capital flows from the official sector -- Annex: Recent trends in workers' remittances to developing countries -- Notes -- References -- Chapter 2 Global Outlook and the Developing Countries -- Global growth -- Global imbalances, currencies, and inflation -- World trade -- Commodity markets -- Risks and policy priorities for the global economy -- Notes -- References -- Chapter 3 Global Imbalances and Emerging Market Economies -- The mixed effect of exchange-rate fluctuations -- Global monetary tightening: higher interest rates -- Potential volatility in emerging-market spreads -- Capital flows and reserve accumulation -- Promoting stability in global capital flows -- Notes -- References -- Chapter 4 Complex Challenges in Developing-Country Debt -- The change since the 1990s -- External debt trends in emerging markets -- The rise of domestic debt markets -- Balancing external and domestically financed debt -- No room for complacency, despite improvements -- Notes -- References -- Chapter 5 Meeting the Financing Needs of Poor Countries -- The external financing environment in poor countries -- Other developing countries as a source of finance for poor countries.Meeting the Monterrey challenge-an agenda for donors and recipients -- Sound economic and pro-poor policies in recipient countries -- Notes -- References -- Statistical Appendix -- Tables -- 1.1 Net capital flows to developing countries, 1996-2004 -- 1.2 Regional composition of net FDI inflows to developing countries, 2002-4 -- 1.3 Regional composition of net portfolio flows to developing countries, 2002-4 -- 1.4 Net official development assistance (ODA) from principal donor countries, 1990-2003 -- 1.5 Net bilateral ODA and special purpose grants, 1990-2003 -- 1.6 Projected increases in ODA from DAC donors, 2003-6 -- 1A.1 Workers' remittances to developing countries, 1990-2004 -- 1A.2 Developing countries with highest remittance flows, 2001 and 2003 -- 2.1 The global outlook in summary -- 3.1 Current account balances in developing countries, 2000-4 -- 3.2 Ratios of foreign-exchange reserves to imports and external short-term debt in emerging market economies, 2004 -- 3.3 Reserve carrying costs in emerging markets -- 4.1 Selected indicators of the burden of external debt, 1997-2002/3 -- 4.2 Corporate and financial sector comparison for Asian crisis countries, 1998 and 2003 -- 4.3 External indebtedness of top 20 debtors, 1997 and 2003 -- 5.1 Net capital flows to poor countries, 1990-2004 -- Figures -- 1.1 Financial flows to developing countries, 1990-2004 -- 1.2 Financial flows to developing countries as a percentage of GDP, 1990-2004 -- 1.3 Current account balance of developing countries, 1976-2004 -- 1.4 Financial flows to developing countries from the private sector, 1990-2004 -- 1.5 Net equity flows to developing countries, 1990-2006 -- 1.6 Share of net FDI inflows to low-income and least developed countries, 1990-2004 -- 1.7 FDI outflows from developing countries, 1990-2004 -- 1.8 Equity price indexes, 2003-4.1.9 Net private debt flows to developing countries, 1990-2004 -- 1.10 Gross private flows to developing countries, 1990-2004 -- 1.11 Emerging-market bond spreads, 1997-2004 -- 1.12 Official debt flows and foreign aid grants, 1990-2004 -- 1.13 ODA as a percentage of GDP in recipient countries, 1990-2003 -- 1.14 ODA as a percentage of GNI in DAC donor countries, 1990-2006 -- 1.15 Percentage of ODA disbursed to Sub-Saharan Africa, 1990-2003 -- 1.16 ODA and grants from nongovernmental organizations, 1990-2003 -- 2.1 Developing-country and world growth, 1980-2007 -- 2.2 Slowing industrial production, September 2003-May 2005 -- 2.3 Regional growth projections, 2003-7 -- 2.4 Estimated global imbalances in current accounts, 2004 -- 2.5 Financing the U.S. current account: net flows by asset type, 2000, 2002, and 2004 -- 2.6 Appreciation of developing-country currencies against the dollar between January 2002 and February 2005 -- 2.7 Interest rates and the weakening dollar, 1995-2005 -- 2.8 Very low real interest rates in the United States, 1997-2005 -- 2.9 Rising consumer inflation, 2000-4 -- 2.10 Slower trade growth, 2003-5 -- 2.11 World semiconductor sales and East Asian technology exports, 1997-2005 -- 2.12 Real effective revaluations of developing-country exchange rates, 2002-5 -- 2.13 Commodity prices, 2000-4 -- 2.14 Developing-country demand and commodity prices, 2003 and 2004 -- 2.15 Metals-lower stocks mean higher prices, 1995-2005 -- 2.16 Terms-of-trade gains to developing countries from commodity price changes, 2001-4 -- 2.17 Effects of higher interest rates on GDP growth, 2005-7 -- 2.18 The dollar in historical perspective, 1970-2004 -- 3.1 Impact of dollar depreciation on debt service ratios, 2002-4 -- 3.2 Short-term policy rates in developed countries, 2002-4 -- 3.3 Short-term policy rates in major emerging markets, 2002-4.3.4 Movement of real federal fund rates, 1991-2004 -- 3.5 U.S. Treasury implied forward rates -- 3.6 Estimated additional debt service burden due to increase of one percentage point in U.S. interest rates -- 3.7 Change in sovereign bond spreads following increase of 200 basis points in U.S. interest rates, by degree of indebtedness of country -- 3.8 World current account surpluses as shares of U.S. current account deficit, 2004 -- 3.9 Capital flows, current account balances, and reserve accumulations in developing countries, 1980-2004 -- 3.10 Global foreign-exchange reserve accumulation, 1999-2004 -- 3.11 Foreign-exchange reserves in developing countries, 1999-2004 -- 3.12 Foreign official assets in the United States, 1980-2003 -- 4.1 Composition of developing countries' external debt, 1990-2003 -- 4.2 Developing countries' total public sector debt, 1990-2003 -- 4.3 Burden of public debt: external vs. domestic, 1990-2002 -- 4.4 Credit quality of emerging markets, 1997-2004 -- 4.5 Change in net private debt flows (long-term plus short-term) of crisis countries and others, 1994-2003 -- 4.6 Total external debt of developing countries, 1990-2003 -- 4.7 Composition of outstanding external debt of developing countries, 1970-2003 -- 4.8 Substitution of bond financing for bank credit, 1990-2002 -- 4.9 Volatility in acquisition of new debt, 1994-2003 -- 4.10 Bank credit to developing countries, 1970-2003 -- 4.11 Composition of outstanding market-sourced debt in the developing world, 1970-2003 -- 4.12 Public debt stocks in emerging markets, 1997 and 2002 -- 4.13 Stock of outstanding domestic bonds, by sector, 1993-2002 -- 4.14 Share of domestic debt in total public debt in selected Asian countries, 1990-2003 -- 4.15 Stock of domestic bonds outstanding in emerging markets, by region, 1993-2002.4.16 Share of domestic debt in total public debt in selected Latin American countries, 1990-2003 -- 4.17 Distribution of volatility in risk premium for selected developing countries -- 4.18 Average credit quality, by region, 1999-2004 -- 5.1 Shift from aid toward FDI in poor countries, 1990-2003 -- 5.2 ODA to poor countries relative to total ODA, 1990-2003 -- 5.3 Sectoral distribution of ODA to poor countries, 1990-2002 -- 5.4 Natural resource availability and ratios of FDI to GDP in poor countries, 1990-2003 -- 5.5 Improving risk conditions in poor countries, 1985-2003 -- 5.6 FDI in oil- and mineral-exporting poor countries, 1990-2003 -- 5.7 Global military spending and aid, 1992-2003 -- 5.8 Change in volatility of aid, 1970-2002 -- 5.9 Volatility of different components of aid, remittances, and FDI, 1990-2002 -- Boxes -- 1.1 Measuring capital flows in dollars versus as a percentage of GDP -- 1.2 Implementation of the Heavily Indebted Poor Countries (HIPC) Initiative -- 1.3 Aid in the wake of the Asian tsunami -- 3.1 Asset prices and unanticipated news -- 3.2 Determinants of emerging-market spreads -- 3.3 Developing countries as exporters of capital-a new twist on the Bretton Woods system -- 4.1 Currency valuation effects have significant impacts -- 4.2 The role of short-term bank credit in trade financing -- 4.3 Foreign investment in developing countries' domestic debt markets -- 4.4 Assessing the risk of external versus domestic debt -- 5.1 Wide variations in the mix of external financing in poor countries -- 5.2 Growing financing role for NGOs -- 5.3 Workers' remittances to poor countries -- 5.4 The rise, fall, and recovery of FDI to poor countries, 1990-2003 -- 5.5 Realizing the development promise of trade -- 5.6 Collapse in international bank lending to poor countries -- 5.7 UNDP, Japan, and triangular cooperation.5.8 New sources of financing.Global Development Finance 2005 I: Analysis and Statistical Appendix addresses two key challenges in development finance: first, how to raise resources flowing to low-income countries, which are heavily constrained in their access to market-based finance. Second, how to manage the vulnerability inherent in developing countries' access to finance -- vulnerability stemming from changes in the global macro environment, as well as from shifting donor priorities (affecting aid and concessional finance) and changing debt dynamics in developing countries.Global Development FinanceWorld Bank e-Library.Debts, ExternalDeveloping countriesStatisticsFinanceDeveloping countriesInternational financePeriodicalsDebts, ExternalFinanceInternational finance336.3/435/091724MiAaPQMiAaPQMiAaPQBOOK9910814313803321Analysis and statistical appendix4194225UNINA