Official financing: recent developments and selected issues

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Whilst private finance sources (including foreign direct investment, bank lending and international bond issuance) make up most of the resource flows to middle income developing countries and transition economies, heavily indebted poor countries (HIPCs) rely largely on official development finance for investment. This report assesses developments in official financing to developing countries during the years 2000 to 2002, using current official data available up to December 2003. Issues discussed include export credits and debt restructuring with Paris Club and other bilateral creditors, trade finance in financial crises, the challenge of maintaining external debt sustainability in debtor countries, debt relief and new aid flows.

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Recent Developments in Export Credits
Financing from Multilateral Institutions

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