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Net external debt inflows to developing countries down 9% in 2011: WB  Join our daily free Newsletter

MENAFN - 21/12/2012

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(MENAFN) The World Bank said that in 2011, net external debt inflows to developing nations dropped 9 percent to USD465 billion, reported Xinhua News.

The bank attributed the drop to a 30-percent year-on-year decline in inflows from official creditors, which in 2010 stood at USD70 billion.

It added that aggregate net capital inflows, which include both debt and equity, went down by 9 percent to USD1.107 trillion, from USD1.211 trillion in 2010, as a result of a drop in portfolio equity flows, which plunged to USD2 billion from USD120 billion.

The global lender noted that the decline was to some extent counterbalanced by inflows from commercial banks, sustained access to international bond markets and a growth in foreign direct investment.

 






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