World Bank2012-03-192012-03-192012978-0-8213-8997-3https://hdl.handle.net/10986/2392The data and analysis presented in this edition of global development finance are based on actual flows and debt related transactions for 2010 reported to the World Bank Debtor Reporting System (DRS) by 129 developing countries. The reports confirm that in 2010 international capital flows to developing countries surpassed preliminary estimates and returned to their pre-crisis level of $1.1 trillion, an increase of 68 percent over the comparable figure for 2009. Private capital flows surged in 2010 driven by a massive jump in short-term debt, a strong rebound in bonds and more moderate rise in equity flows. Debt related inflows jumped almost 200 percent compared to a 25 percent increase in net equity flows. The rebound in capital flows was concentrated in a small group of 10 middle income countries where net capital inflows rose by an average of nearly 80 percent in 2010, almost double the rate of increase (44 percent) recorded by other developing countries. These 10 countries accounted for 73 percent of developing countries gross national income (GNI), and received 73 percent of total net capital flows to developing countries in 2010. The 2010 increase in net capital flows was accompanied by marked change in composition between equity and debt related flows. Over the past decade net equity flows to developing countries have consistently surpassed the level of debt related flows, reaching as high as 97 percent of aggregate net capital flows in 2002 and accounting for 75 percent of them ($509 billion) in 2009. However, periods of rapid increase in capital flows have often been marked by a reversal from equity to debt.CC BY 3.0 IGOACCESS TO MARKETACCOUNTINGAMOUNT OF DEBTARREARSASSETSBALANCE OF PAYMENTBALANCE SHEETSBANK DEBTBANK FINANCINGBANK FOR INTERNATIONAL SETTLEMENTSBANK LENDINGBANK LOANSBASIS POINTSBENEFICIARIESBILATERAL CREDITORSBILATERAL DONORSBONDBOND FINANCINGBOND ISSUANCEBOND ISSUANCESBOND MARKETSBOND SPREADSBONDSCAPITAL FLOWSCAPITAL INFLOWSCAPITAL REQUIREMENTSCDCOMMERCIAL BANKCOMMERCIAL BANK LENDINGCOMMERCIAL BANKSCOMMERCIAL CREDITORSCONDITIONAL DEBTCONSOLIDATIONCORPORATE BONDCORPORATE BOND ISSUANCESCORPORATE BORROWERSCOST OF DEBTCREDITORCREDITORSCREDITWORTHINESSDEBT BURDENSDEBT CONTRACTDEBT CRISESDEBT CRISISDEBT DATADEBT DATA MANAGEMENTDEBT DISBURSEMENTSDEBT FORGIVENESSDEBT MANAGEMENTDEBT MANAGEMENT SYSTEMSDEBT MANAGERSDEBT OBLIGATIONSDEBT OUTSTANDINGDEBT RATIOSDEBT REDUCTIONDEBT RELIEFDEBT RELIEF INITIATIVEDEBT REPORTINGDEBT RESTRUCTURINGDEBT RESTRUCTURING AGREEMENTDEBT SERVICEDEBT SERVICE TO EXPORTDEBT STATISTICSDEBT STOCKDEBT STOCKSDEBT SUSTAINABILITYDEBT SUSTAINABILITY ANALYSISDEBT TRANSACTIONSDEBTORDEBTOR COUNTRYDEBTOR REPORTINGDEBTOR REPORTING SYSTEMDEPENDENTDEVELOPING COUNTRIESDEVELOPING COUNTRYDEVELOPMENT ASSISTANCEDEVELOPMENT BANKDEVELOPMENT BANKSDEVELOPMENT BONDSDISBURSEMENTDISBURSEMENTSDISINVESTMENTDOMESTIC LIQUIDITYDOMESTIC MARKETSECONOMIC CONDITIONSECONOMIC CRISISECONOMIC RECESSIONECONOMIC REFORMSEMERGING MARKETEMERGING MARKET BONDEMERGING MARKET ECONOMIESEMERGING MARKETSEMPLOYEEEQUITY FINANCINGEQUITY FLOWSEXPORT EARNINGSEXPORT GROWTHEXTERNAL BORROWINGEXTERNAL DEBTEXTERNAL DEBT BURDENSEXTERNAL DEBT OBLIGATIONSEXTERNAL DEBT SERVICEEXTERNAL DEBT STOCKSEXTERNAL FINANCINGEXTERNAL OBLIGATIONSFINANCIAL CRISISFINANCIAL DATAFINANCIAL FLOWSFLOW OF FUNDSFOREIGN DIRECT INVESTMENTFOREIGN INVESTORSGLOBAL DEVELOPMENT FINANCEGUARANTEE AGENCYHIGHLY INDEBTED COUNTRIESHOLDINGSIDINCOME GROUPINCREASE IN DEBTINDEBTEDINDEBTED COUNTRIESINDEBTED POOR COUNTRYINDEBTEDNESSINTERNATIONAL BANKINTERNATIONAL BONDINTERNATIONAL CAPITALINTERNATIONAL CAPITAL FLOWSINTERNATIONAL CAPITAL MARKETSINTERNATIONAL DEVELOPMENTINTERNATIONAL MARKETSINTERNATIONAL RESERVESINTERNATIONAL SETTLEMENTSINVESTMENT BANKINVESTMENT FLOWSINVESTOR CONFIDENCEJUDGEMENTLOANLOAN COMMITMENTSLOAN FINANCINGLOAN PORTFOLIOLONG-TERM DEBTLONG-TERM EXTERNAL DEBTLONG-TERM LOANSMACROECONOMIC DATAMARKET CONDITIONSMATURITIESMIGRATIONMONETARY FUNDMULTILATERAL CREDITORMULTILATERAL CREDITORSMULTILATERAL DEBTMULTILATERAL DEBT RELIEFMULTILATERAL DEVELOPMENT BANKSMULTINATIONALNET DEBTNET EQUITYNET PRIVATE DEBTNONPERFORMING LOANSOUTSTANDING DEBTPORTFOLIOPORTFOLIO EQUITYPORTFOLIO FLOWSPORTFOLIO INFLOWSPORTFOLIO INVESTMENTPRESENT VALUEPRESENT VALUE OF DEBTPRINCIPAL PAYMENTSPRINCIPAL REPAYMENTSPRIVATE CAPITALPRIVATE CREDITORSPRIVATE DEBTPRIVATE DEBT FLOWSPRIVATE SECTOR BORROWERSPRIVATIZATIONPROFITABILITYPUBLIC BORROWERSPUBLIC SECTOR BORROWERSPUBLIC SECTOR BORROWINGRATIO OF DEBTRATIO OF DEBT SERVICE TO EXPORTRATIO OF DEBT SERVICE TO EXPORTSRECESSIONSRECIPIENT COUNTRIESREGIONAL DEVELOPMENT BANKSREMITTANCESRESERVESSHARE OF DEBTSHORT TERM DEBTSHORT-TERM CAPITALSHORT-TERM DEBTSHORT-TERM FINANCINGSOURCE OF INFORMATIONSOVEREIGN BONDSOVEREIGN BORROWERSSTOCK MARKETSTOCK OF DEBTSUBSIDIARYTECHNICAL SUPPORTTOTAL EXTERNAL DEBTVALUE OF DEBTWorld Bank10.1596/978-0-8213-8997-3