Washington: Net external debt inflows and aggregate net capital inflows to developing countries fell in 2011, driven by a sharp contraction in net inflows from official creditors and a collapse of portfolio equity flows, the World Bank reported Thursday.
Net external debt inflows to developing countries fell 9 percent in 2011 to $465 billion due to the sharp contraction in inflows from official creditors, which fell to $30 billion from $73 billion in 2010, reported Xinhua.

The downturn was due to the collapse in portfolio equity flows, which fell to $2 billion, in contrast to an inflow of $120 billion in 2010. The decreases were partially offset by inflows from commercial banks, sustained access to international bond markets and a rise in foreign direct investment, the Washington-based global lender said.

Net external debt inflows to developing countries fell 9% in 2011 to $465 bn

(To download our E-paper please click here. The publishers permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Free Press Journal