Download Now Free registration required
Private debt flows to developing countries surged to record levels over the period 2003-2007. A few low-income countries have gained access to the international bond market but the bulk of the flows have continued to go to just a few large middle-income countries. Most low-income countries still heavily depend on concessional loans and grants from the official sector to meet their financing needs. The paper provides an overview of low-income countries' access to cross-border bank lending and bond issuance in the international market over the past few decades.
- Format: PDF
- Size: 371.3 KB