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The Landscape of Capital Flows to Low-Income Countries, Thomas Dorsey, Zuzana Brixiova, Sukhwinder Singh, Helaway Tadesse

This paper reviews trends in capital flows and capital-like flows such as official grants and remittances to low-income countries over the period 1981-2006. The survey reveals a broadbased increase in such flows as a share of low-income country GDP across major regions, countries with differing commodity export composition, and countries with differing debt relief status. The increase in inflows is dominated by an increase in private sector inflows, mostly in the form of private transfers and foreign direct investment. Official sector inflows have remained comparatively constant as a share of low-income country GDP and even declined in the most recent years. The paper concludes with some tentative policy conclusions and has a discussion of data issues in the annexes
Table Of Contents
Contents; Executive Summary; I. Introduction; II. A Global View of Capital and Related Flows to LICs; Boxes; 1. Data and Terms Used in this Note; Figures; 1. Official and Private Inflows; A. Official Financing for LICs; 2. Debt Forgiveness; 2. Official Inflows to LICs; B. Private Financing for LICs; 3. Remittances in BOP Data; 3. Private Inflows; C. Capital Going the Other Way-LIC Holdings of Foreign Assets; 4. Capital Flight In Low-Income Countries; D. Policy Concerns: Current Accounts, Reserves, Sustainability, and Vulnerability; 4. All LICs, Asset Outflows
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (80 p.)
Specific Material Designation
Form Of Item

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