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The Least Developed Countries Report 1997

image of The Least Developed Countries Report 1997

Intended for a broad readership of governments, policy makers, researchers and all those involved with the least developed countries (LDCs) and development policy, this in-depth Report examines economic developments in the LDCs during 1996 and discusses prospects for 1997. It's coverage also includes an examination of: LDCs' external debt; recent economic reforms and performance; agricultural developments and policy reforms; and economies in regress. A statistical annex of basic data is also included.

English

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Recent trends in development finance and external debt

There have been important changes in external financing for the developing countries as a whole since the beginning of the 1990s, notably with private investment increasing significantly, and total resource flows growing steadily. Flows to all developing countries reached a new record level in 1995. These developments, however, have hardly affected the LDCs at all. In their case, resource flows have remained stagnant in current dollar terms so far throughout the 1990s, and diminished in real terms. There has been no perceptible increase in private financing flows, with the contribution of private capital remaining modest in volume and fluctuating significantly. For LDCs, dependence on official development assistance (ODA) continues unabated, and the overhang of external debt servicing obligations continues to be an important drain on resources.

English

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