Recent trends in the transfer of resources to developing countries - a background note for the Development Committee Meeting of April 2002 prepared by the Staff of the World Bank (anglais)

The slowdown in industrial countries reduced developing countries' export revenues, and hence, their capacity to borrow, although this was partially mitigated by the drop in interest rates. Hardest hit were exporters of non-oil commodities, the prices of which fell by 9 percent in 2001, after sharp declines since 1997-98. The slowdown also reduced the private sector's capital flows to developing countries. The sharpest fall was registered in bank...
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