Global Development Finance 2012 : External Debt of Developing Countries

The 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.

Bibliographic Details

Main Author:	World Bank
Language:	English
Published:	World Bank 2012
Subjects:	ACCESS TO MARKET, ACCOUNTING, AMOUNT OF DEBT, ARREARS, ASSETS, BALANCE OF PAYMENT, BALANCE SHEETS, BANK DEBT, BANK FINANCING, BANK FOR INTERNATIONAL SETTLEMENTS, BANK LENDING, BANK LOANS, BASIS POINTS, BENEFICIARIES, BILATERAL CREDITORS, BILATERAL DONORS, BOND, BOND FINANCING, BOND ISSUANCE, BOND ISSUANCES, BOND MARKETS, BOND SPREADS, BONDS, CAPITAL FLOWS, CAPITAL INFLOWS, CAPITAL REQUIREMENTS, CD, COMMERCIAL BANK, COMMERCIAL BANK LENDING, COMMERCIAL BANKS, COMMERCIAL CREDITORS, CONDITIONAL DEBT, CONSOLIDATION, CORPORATE BOND, CORPORATE BOND ISSUANCES, CORPORATE BORROWERS, COST OF DEBT, CREDITOR, CREDITORS, CREDITWORTHINESS, DEBT BURDENS, DEBT CONTRACT, DEBT CRISES, DEBT CRISIS, DEBT DATA, DEBT DATA MANAGEMENT, DEBT DISBURSEMENTS, DEBT FORGIVENESS, DEBT MANAGEMENT, DEBT MANAGEMENT SYSTEMS, DEBT MANAGERS, DEBT OBLIGATIONS, DEBT OUTSTANDING, DEBT RATIOS, DEBT REDUCTION, DEBT RELIEF, DEBT RELIEF INITIATIVE, DEBT REPORTING, DEBT RESTRUCTURING, DEBT RESTRUCTURING AGREEMENT, DEBT SERVICE, DEBT SERVICE TO EXPORT, DEBT STATISTICS, DEBT STOCK, DEBT STOCKS, DEBT SUSTAINABILITY, DEBT SUSTAINABILITY ANALYSIS, DEBT TRANSACTIONS, DEBTOR, DEBTOR COUNTRY, DEBTOR REPORTING, DEBTOR REPORTING SYSTEM, DEPENDENT, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DEVELOPMENT ASSISTANCE, DEVELOPMENT BANK, DEVELOPMENT BANKS, DEVELOPMENT BONDS, DISBURSEMENT, DISBURSEMENTS, DISINVESTMENT, DOMESTIC LIQUIDITY, DOMESTIC MARKETS, ECONOMIC CONDITIONS, ECONOMIC CRISIS, ECONOMIC RECESSION, ECONOMIC REFORMS, EMERGING MARKET, EMERGING MARKET BOND, EMERGING MARKET ECONOMIES, EMERGING MARKETS, EMPLOYEE, EQUITY FINANCING, EQUITY FLOWS, EXPORT EARNINGS, EXPORT GROWTH, EXTERNAL BORROWING, EXTERNAL DEBT, EXTERNAL DEBT BURDENS, EXTERNAL DEBT OBLIGATIONS, EXTERNAL DEBT SERVICE, EXTERNAL DEBT STOCKS, EXTERNAL FINANCING, EXTERNAL OBLIGATIONS, FINANCIAL CRISIS, FINANCIAL DATA, FINANCIAL FLOWS, FLOW OF FUNDS, FOREIGN DIRECT INVESTMENT, FOREIGN INVESTORS, GLOBAL DEVELOPMENT FINANCE, GUARANTEE AGENCY, HIGHLY INDEBTED COUNTRIES, HOLDINGS, ID, INCOME GROUP, INCREASE IN DEBT, INDEBTED, INDEBTED COUNTRIES, INDEBTED POOR COUNTRY, INDEBTEDNESS, INTERNATIONAL BANK, INTERNATIONAL BOND, INTERNATIONAL CAPITAL, INTERNATIONAL CAPITAL FLOWS, INTERNATIONAL CAPITAL MARKETS, INTERNATIONAL DEVELOPMENT, INTERNATIONAL MARKETS, INTERNATIONAL RESERVES, INTERNATIONAL SETTLEMENTS, INVESTMENT BANK, INVESTMENT FLOWS, INVESTOR CONFIDENCE, JUDGEMENT, LOAN, LOAN COMMITMENTS, LOAN FINANCING, LOAN PORTFOLIO, LONG-TERM DEBT, LONG-TERM EXTERNAL DEBT, LONG-TERM LOANS, MACROECONOMIC DATA, MARKET CONDITIONS, MATURITIES, MIGRATION, MONETARY FUND, MULTILATERAL CREDITOR, MULTILATERAL CREDITORS, MULTILATERAL DEBT, MULTILATERAL DEBT RELIEF, MULTILATERAL DEVELOPMENT BANKS, MULTINATIONAL, NET DEBT, NET EQUITY, NET PRIVATE DEBT, NONPERFORMING LOANS, OUTSTANDING DEBT, PORTFOLIO, PORTFOLIO EQUITY, PORTFOLIO FLOWS, PORTFOLIO INFLOWS, PORTFOLIO INVESTMENT, PRESENT VALUE, PRESENT VALUE OF DEBT, PRINCIPAL PAYMENTS, PRINCIPAL REPAYMENTS, PRIVATE CAPITAL, PRIVATE CREDITORS, PRIVATE DEBT, PRIVATE DEBT FLOWS, PRIVATE SECTOR BORROWERS, PRIVATIZATION, PROFITABILITY, PUBLIC BORROWERS, PUBLIC SECTOR BORROWERS, PUBLIC SECTOR BORROWING, RATIO OF DEBT, RATIO OF DEBT SERVICE TO EXPORT, RATIO OF DEBT SERVICE TO EXPORTS, RECESSIONS, RECIPIENT COUNTRIES, REGIONAL DEVELOPMENT BANKS, REMITTANCES, RESERVES, SHARE OF DEBT, SHORT TERM DEBT, SHORT-TERM CAPITAL, SHORT-TERM DEBT, SHORT-TERM FINANCING, SOURCE OF INFORMATION, SOVEREIGN BOND, SOVEREIGN BORROWERS, STOCK MARKET, STOCK OF DEBT, SUBSIDIARY, TECHNICAL SUPPORT, TOTAL EXTERNAL DEBT, VALUE OF DEBT,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20120109030142 https://hdl.handle.net/10986/2392
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