World Bank2012-06-152012-06-152006978-0-8213-5991-4https://hdl.handle.net/10986/8137Global Development Finance is the World Bank's annual review of global financial conditions facing developing countries. The current volume provides analysis of key trends and prospects, including coverage of capital originating from developing countries themselves. Robust global growth and a favorable financing environment provided the context for a record expansion of private capital flows to developing countries in 2005. Many low-income countries still have little or no access to international private capital, and instead depend largely on official finance from bilateral and multilateral creditors to support their development objectives. Capital flows are changing due to financial integration among developing countries, financial innovations, domestic debt markets, and the global role of the Euro. Net official flows continue to decline as official lending falls and there is more aid and debt relief for the poorest countries. To ensure economic stability, developing countries must manage capital flows with effective macroeconomic policies, prudent accumulation of reserves, careful management of oil-export revenues, and improvements in standards for the corporate sector.CC BY 3.0 IGOAMOUNT OF DEBTAMOUNT OF DEBT OUTSTANDINGBALANCE OF PAYMENTSBANK LOANSBANKING SECTORBILATERAL AGREEMENTBILATERAL DEBTBONDSBOOK VALUEBORROWINGCAPITAL FLOWSCAPITAL REQUIREMENTSCAPITALIZATIONCDCENTRAL BANKCENTRAL BANKSCHARGESCOMMERCIAL BANK DEBTCOMMERCIAL BANKSCOMMERCIAL CREDITSCONGOCREDIT INSURANCECREDIT TRANCHESCREDITORCREDITOR COUNTRIESCREDITORSCURRENCY COMPOSITIONCURRENCY OF REPAYMENTCURRENT ACCOUNTCURRENT ACCOUNT BALANCEDEBT BUYBACKDEBT CONVERSIONDEBT DATADEBT DISBURSEDDEBT FLOWSDEBT FORGIVENESSDEBT OUTSTANDINGDEBT RATIOSDEBT REDUCTIONDEBT REDUCTION MECHANISMSDEBT REORGANIZATIONDEBT RESTRUCTURINGDEBT SERVICEDEBT SERVICE OBLIGATIONSDEBT SERVICE PAYMENTSDEBT SERVICE PROJECTIONSDEBT SERVICE RATIODEBT SERVICE TO EXPORTSDEBT STOCKDEBT-SERVICE OBLIGATIONSDEBTORDEBTOR COUNTRIESDEBTOR COUNTRYDEBTOR REPORTINGDEBTOR REPORTING SYSTEMDEBTORSDEBTSDEMOCRATIC REPUBLIC OFDEVELOPMENT ASSISTANCEDEVELOPMENT ECONOMICSDISCOUNT BONDSDISCOUNTED PRESENT VALUEDISCOUNTED VALUEDIVIDENDSEQUITY CAPITALEXCHANGE RATESEXPORT CREDITEXTERNAL DEBTEXTERNAL DEBT DATAEXTERNAL DEBT STOCKSEXTERNAL INDEBTEDNESSEXTERNAL LIABILITIESEXTERNAL OBLIGATIONFACE VALUEFINANCIAL DATAFINANCIAL INSTITUTIONSFLOW STATISTICSFOREIGN BORROWINGFOREIGN EXCHANGEGAMBIAGNPGROSS NATIONAL PRODUCTINCOMEINCOME GROUPSINSURANCEINTERESTINTEREST CAPITALIZATIONINTEREST RATEINTEREST RATESINTERNATIONAL RESERVESLOAN COMMITMENTSLOCAL GOVERNMENTLONG TERM DEBTLONG-TERM EXTERNAL DEBTLONG-TERM PUBLIC DEBTMAINTENANCE OF VALUEMARKET VALUEMATURITIESMINISTRIES OF FINANCEMULTILATERAL CREDITORSMULTILATERAL DEBTNATIONAL INCOMEOUTSTANDING DEBTPENALTIESPRIME RATEPRINCIPALPRIVATE BANKSPRIVATE DEBTPRIVATE DEBTORPRIVATE NONGUARANTEED DEBTPUBLIC DEBTORREGIONAL DEVELOPMENT BANKSREGRESSION ANALYSISREORGANIZATIONREPUBLIC OFSDRSSHORT TERM DEBTSHORT-TERM DEBTSPECIAL DRAWING RIGHTSSTOCK OF DEBTSTRUCTURAL ADJUSTMENTSUBSIDIARYTOTAL DEBT STOCKTOTAL DEBT STOCKSTOTAL EXTERNAL DEBTVALUATIONVALUE ADDEDWAGESWORLD DEBT TABLESWorld Bank10.1596/978-0-8213-5991-4