Global Development Finance 2012 :External Debt of Developing Countries

World Bank

World Bank

关键词: ACCESS TO MARKET;    ACCOUNTING;    AMOUNT OF DEBT;    ARREARS;    ASSETS;   

DOI  :  10.1596/978-0-8213-8997-3
RP-ID  :  66230

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The data and analysis presented in thisedition of global development finance are based on actualflows and debt related transactions for 2010 reported to theWorld Bank Debtor Reporting System (DRS) by 129 developingcountries. The reports confirm that in 2010 internationalcapital flows to developing countries surpassed preliminaryestimates and returned to their pre-crisis level of $1.1trillion, an increase of 68 percent over the comparablefigure for 2009. Private capital flows surged in 2010 drivenby a massive jump in short-term debt, a strong rebound inbonds and more moderate rise in equity flows. Debt relatedinflows jumped almost 200 percent compared to a 25 percentincrease in net equity flows. The rebound in capital flowswas concentrated in a small group of 10 middle incomecountries where net capital inflows rose by an average ofnearly 80 percent in 2010, almost double the rate ofincrease (44 percent) recorded by other developingcountries. These 10 countries accounted for 73 percent ofdeveloping countries gross national income (GNI), andreceived 73 percent of total net capital flows to developingcountries in 2010. The 2010 increase in net capital flowswas accompanied by marked change in composition betweenequity and debt related flows. Over the past decade netequity flows to developing countries have consistentlysurpassed the level of debt related flows, reaching as highas 97 percent of aggregate net capital flows in 2002 andaccounting for 75 percent of them ($509 billion) in 2009.However, periods of rapid increase in capital flows haveoften been marked by a reversal from equity to debt.