Enhancing Private Capital Flows to Developing Countries

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This publication incorporates the papers and proceedings of a Banking and Financial Services Symposium held in London in July 2002 on Enhancing Private Capital Flows to Developing Countries in the New International Context. Organised in conjunction with the World Bank and the Commonwealth Business Council, its aim was to promote an understanding of the developing country and private sector perspectives in attracting private capital flows; the impact of international codes and standards in defining the perception of the private sector and practical issues regarding their implementation; and the new regulatory developments which are likely to impact on the availability of private capital flows.




Immediately following the 1997 East Asian financial crisis, the Commonwealth Secretariat and the World Bank, together with other international financial institutions, took a number of initiatives in order to assess the effects and implications of the crisis for the stability of the international financial system and the world economy. The main sources of concern at the time were the management of increased capital flows to emerging markets and the destabilising effects of sudden reversals of high volumes of capital flows.


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