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Global Development Finance 2002: 

Global Development Finance 2002 Financing the Poorest Countries

The Coming Global Recovery: 

The Coming Global Recovery Global slowdown sharpest in 30 years Recovery begins in U.S. and high-tech Asia Commodity exporters in Sub-Saharan Africa remain under pressure Largest downside risks are in financial markets

A shallow recession?(World and Industrial and Developing Country GDP growth, 1997-2004): 

A shallow recession? (World and Industrial and Developing Country GDP growth, 1997-2004) Developing countries Industrial countries World Forecast Percentage change

A shallow recession? -notes cont .: 

A shallow recession? -notes cont .

High-tech exporters hit hard(Export growth 1999-2003): 

High-tech exporters hit hard (Export growth 1999-2003) Note: * High-tech exporters are Korea, Malaysia, Singapore and Taiwan. Source: Datastream. Percent

Real non-oil commodity prices fell sharply,especially in Africa (Indices 1980 = 100; deflated by MUV): 

Sub-Saharan Africa Note: MUV is the unit value of manufactures exports from the G-5 countries to developing countries, expressed in U.S. dollars. Developing countries Real non-oil commodity prices fell sharply, especially in Africa (Indices 1980 = 100; deflated by MUV)

No productivity increase in Sub-Saharan Africa (agricultural per capita production index, 1980 = 100): 

Sub-Saharan Africa Source: FAO Statistical Office (FAOSTAT). Developing countries No productivity increase in Sub-Saharan Africa (agricultural per capita production index, 1980 = 100)

No productivity increase in Sub-Saharan Africa notes cont : 

No productivity increase in Sub-Saharan Africa notes cont

Private capital flows to emerging markets: 

Private capital flows to emerging markets Global slowdown depressed capital market flows in 2001 FDI was resilient Limited contagion from the Argentine crisis

Capital market flows to developing countries have fallen(percent of GDP): 

Capital market flows to developing countries have fallen (percent of GDP) Note: Refers to long-term commitments of bank loans, bond issues, and equity issues.

FDI to developing countries is resilient(US$ billions): 

FDI to developing countries is resilient (US$ billions) FDI to developing countries Global FDI Sources: World Bank staff estimates; UNCTAD, World Investment Report 2001.

Contagion from Argentine crisis is limited(basis point change in spreads during crisis episodes): 

Contagion from Argentine crisis is limited (basis point change in spreads during crisis episodes) 1 excluding Argentina, Turkey Source: World Bank staff estimates; JP Morgan Chase

The Poor Countries’ International Financial Transactions: 

The Poor Countries’ International Financial Transactions Poor countries’ integration with global economy increased Poor countries with good policies saw increased FDI flows Capital outflows depend on policies Foreign bank participation in poor countries rose sharply

Private external financial transactions are important in poor countries(percent of GDP, 1999): 

Private external financial transactions are important in poor countries (percent of GDP, 1999)

Countries with better policies saw rapid growth in FDI(average annual percent change in FDI/GDP ratio, 1996-99): 

Countries with better policies saw rapid growth in FDI (average annual percent change in FDI/GDP ratio, 1996-99) Note: Policies as of 1995

Outflows smaller in poor countries with better policies (percent of GDP, 1999): 

Outflows smaller in poor countries with better policies (percent of GDP, 1999) Note: Estimate of stock of outflows, calculated by summing annual outflows from early 1980s to 1999; Policies as of 1996

Foreign bank presence has sharply increased in the poor countries(percent): 

Foreign bank presence has sharply increased in the poor countries (percent) Source:World Bank staff estimates; Bankscope

Official Support to Developing Countries: 

Official Support to Developing Countries Aid fell in 2001 Countries with good policies can absorb more aid Government commitment key to effective conditionality

Aid is falling again(US$ billions and percent of GNP): 

Aid is falling again (US$ billions and percent of GNP) Billions of U.S. dollars Percent of donor GNP Source: OECD and World Bank

Compliance with conditionality means better economic performance(percent of countries showing improvement): 

Compliance with conditionality means better economic performance (percent of countries showing improvement)

Global Development Finance 2002: 

Global Development Finance 2002 Financing the Poorest Countries