Financial reform and the development process

The External Financial Environment Of Developing Countries Has Undergone A Number Of Fundamental Changes During The 1980s That Are Unlikely To Be Reversed In The Foreseeable Future. The Average Cost Of International Finance Has Become Both Much Higher And Much More Variable. Similarly, The Availability Of External Finance For These Countries Has Generally Not Only Decreased, But Also Become More Unpredictable And Apt To Undergo Extremely Abrupt Changes. For Many Developing Countries Increased Financial Stringency Has Been Associated With A Prolonged Depression Of Export Prices And The Terms Of Trade. As A Result, Resources Available For Investment Have Contracted, Disrupting Stability And Growth.

Sustainable Development Goals:

Decent Work and Economic Growth

Partnerships for the Goals