Global Development Finance

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 June 10, 2008

Global Development Finance 2008: The Role of International Banking
In the wake of financial turmoil in high income countries and amidst high food and energy prices, developing countries' growth is easing but is still robust, says this June 2008 report. Private capital flows to emerging markets, which hit a record $1 trillion in 2007, are expected to drop to around $800 billion by 2009, which would still be the second highest level ever, the report projects.

Previous reports

Global Development Finance 2007: The Globalization of Corporate Finance in 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.

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.