Ch 1: Prospects for the Global EconomyFull Text (1088 KB)Ch 2: Private Capital Flows in a Time of Global Financial TurmoilFull Text (1304 KB)Ch 3: Charting a Course AheadFull Text (1043 KB)Appendix: Regional Outlooks
Full Text (1141 KB) Note: The latest country forecast for China (as of June 18, 2009) is available in the China Quarterly Update.
In the wake of financial turmoil in high income countries and amidst high food and energy prices, developing countries' growth was easing but was still robust, said this June 2008 report. Private capital flows to emerging markets were expected to drop by 2009.
This report examined low-income countries’ access to commercial debt markets and financial globalization of the corporate sector in developing countries.
The year 2005 was a landmark in global development finance. Private capital flows to developing countries reached a record net level of $483 billion, much of them going to middle–income countries that took advantage of the surge to improve their external debt profile and build official reserves of foreign exchange.
This report embraced three key challenges: (i) Managing the vulnerability inherent in global economic and financial imbalances, (ii) Confronting the risks posed by the new complexities in developing country debt, and (iii) Mobilizing and diversifying sourcesof finance for low-income countries.