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0 Net inward FDI Portfolio equity

By Dilek Aykut, Himmat Kalsi and Dilip Ratha

Abstract

developing countries takes two forms: portfolio investments and direct investments. Combined inflows of both forms totaled a net of about $152 billion in 2002, down from $178 billion in 2001 and from their peak of $196 billion in 1997 (figure 4.1). This decline mirrors the weakness of global equity markets in recent years. However, when viewed against the plunge in debt outstanding to private-sector creditors discussed in chapter 3, the flow of private-sector equity-related capital appears remarkably robust. Indeed, its steadiness is a key part of the significant rotation from debt to equity in the pattern of private financing for developing countries. Figure 4.1 Net equity flows to developing countries, 1989–2002 Billions of dollar

Topics: Sources, World Bank, Global Development Finance, Country Tables and sources cited therein, various years, UNCTAD, World Investment Report 2002, and World Bank staff estimates for 2002
Year: 2002
OAI identifier: oai:CiteSeerX.psu:10.1.1.199.4435
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