Global Development Finance 1999: Country Tables and Analysis by World Bank

By World Bank

The 12 months 1998 proved to be one other tumultuous interval for rising markets, and worldwide improvement Finance 1999 (GDF), the main finished and distinctive book on hand on capital flows to constructing nations, has stored up with the worldwide economy's altering tide. This year's GDF, the area Bank's evaluate of constructing international locations' exterior debt and monetary flows, devotes targeted emphasis to the ongoing influence of the monetary predicament on deepest and legit flows to the constructing international. With consolidated facts for all constructing international locations, GDF maintains as an necessary reference advisor for economists, bankers, state chance analysts, monetary specialists, and others interested in funding lending and capital flows all over the world.

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Additional resources for Global Development Finance 1999: Country Tables and Analysis and Summary Tables

Sample text

Currency Composition of Long-Term Debt The six major currencies in which the external debt of low- and middle-income countries is contracted are separately identified, as is debt denominated in special drawing rights and debt repayable in multiple currencies. Debt Restructurings Debt restructurings include restructurings in the context of the Paris Club, commercial banks, debt-equity swaps, buybacks, and bond exchanges. Debt restructuring data capture the noncash or inferred flows associated with rescheduling and restructuring.

Any judgments expressed are those of World Bank staff or consultants and do not necessarily reflect the views of the Board of Executive Directors or the governments they represent. The material in this publication is copyrighted. The World Bank encourages dissemination of its work and will normally grant permission promptly. , 222 Rosewood Drive, Danvers, MA 01923, USA, telephone 978-750-8400, fax 978-750-4470. Please contact the Copyright Clearance Center before photocopying items. For permission to reprint individual articles or chapters, please fax your request with complete information to the Republication Department, Copyright Clearance Center, fax 978-750-4470.

NON-DEBT-CREATING FLOWS are net foreign direct investment, portfolio equity flows, and official grants (excluding technical cooperation). Net foreign direct investment and portfolio equity flows are treated as private source flows. Grants for technical cooperation are shown as a memorandum item. Foreign direct investment (FDI) is defined as investment that is made to acquire a lasting management interest (usually 10 percent of voting stock) in an enterprise operating in a country other than that of the investor (defined according to residency), the investor's purpose being an effective voice in the management of the enterprise.

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