标题：Global Developement Finance 2009
来源：世界银行
格式：ＰＤＦ
大小：4.29Ｍ
页码：167
出版日期：2009.6.22
编译：可复制
目录：
Foreword xi
Acknowledgments xiii
Selected Abbreviations xv
Overview 1
The global recession has deepened 2
Private capital flows are shrinking at an unprecedented rate 3
Financing conditions have deteriorated rapidly 3
Building confidence and strengthening policy coordination are critical to recovery
and long-term growth 4
The damage to low-income countries from the crisis must be mitigated 6
Chapter 1 Prospects for the Global Economy 7
Immediate impacts of the crisis 8
Global growth 11
Commodity markets 14
Exchange rates and inflation 17
Policy reactions 19
External balance and vulnerabilities 22
An uncertain medium-term outlook 25
Regional outlooks 27
Risks 31
Policy challenges 33
Notes 34
References 34
Chapter 2 Private Capital Flows in a Time of Global Financial Turmoil 37
The global financial crisis severely reduced private capital flows to developing
countries in 2008 39
The downturn began in late 2008, as part of the global financial crisis 41
Remittance flows began to slow down in 2008 54
Prospects: The fall in private capital flows will continue in 2009 56
Annex 2A: Methodology for assessing trends in foreign direct investment 61
Annex 2B: Liquidity problems, bank solvency, and international bank lending
to developing countries 62
G L O B A L D E V E L O P M E N T F I N A N C E 2 0 0 9
Annex 2C: Debt Restructuring with Official Creditors 69
Agreements with countries 69
Notes 70
References 71
Chapter 3 Charting a Course Ahead 73
Corporations in developing countries face severe financing difficulties 74
Countries with large financing needs face balance-of-payments crises 80
The potential for expansionary policies varies significantly among developing countries 89
The financial crisis has increased the importance of policy coordination 92
Annex 3A: Modeling the benefits of a coordinated regulatory response to common
shocks to confidence 98
Annex 3B: A framework for measuring investor confidence 100
Notes 102
References 102
Appendix: Regional Outlooks 105
East Asia and Pacific 105
Europe and Central Asia 110
Latin America and the Caribbean 118
The Middle East and North Africa 126
South Asia 132
Sub-Saharan Africa 140
Notes 149