Financial Flows. Doing Business with the World - The new role of corporate leadership in global development. Geneva, September 2007. World Business Council for. Sustainable Development. Overview. The global view Where does private capital flow? The flows of remittances
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Doing Business with the World - The new role of corporate leadership in global development
Geneva, September 2007
World Business Council for
Financial capital is flowing increasingly to developing countries
Net capital flows to developing countries, 1990-2006
Net debt and equityflows, 1990-2006
In 2006, net private capital flows totaled US $647 billion, a record high, dwarfing official development assistance.1
Source: World Bank. 2007. Global Development Finance 2007: The Globalization of Corporate Finance in Developing Countries
More capital is going to East Europe and Central Asia and to East Asia and Pacific regions
The poorest 51 countries were recipients of only 8% of total capital flows.1
Total net private capital flows to developing countries
Source: The World Bank. 2007. Global Development Finance 2007
Top 20 remittance-recipient countries, by share of GDP, 2004
In 2005, workers’ remittances were an estimated US $232 billion.1
Unrecorded remittances transferred through informal channels are believed to account for at least 50% of recorded flows.2
Thirty countries receive debt relief through either the Debt Relief Initiative for Heavily Indebted Poor Countries (HIPC), created in 1996, or the Multilateral Debt Relief Initiative (MDRI), created in 2006.1
Debtburdens in 18 completion-point HIPCs, before and after HIPC and MDRI debt relief
Source: World Bank. Global Development Finance 2006.
http://siteresources.worldbank.org/INTGDF2006/Resources/GDF06_ch03.pdf (accessed 24 July 2007)
Source: Organisation for Economic Co-operation and Development, Development Assistance Committee
Formal and informal access-channels to finance
According to UN estimates, only 4% of Africans have bank accounts.1
Source: Indicators of Access to Finance through Household Level Surveys: Comparisons of Data from Six Countries. August 2007. Authors: Anne-Marie Chidzero (FinMark Trust), Karen Ellis (UK Department for International Development), and Anjali Kumar (World Bank).
Data sources: FinScope and World Bank.
New opportunities exist for business to actively engage with the development community, participate in development processes, and influence the development agenda.