Global Development Finance

According to the World Bank's 2007 Global Development Finance Report, net private capital flows to developing countries hit a record US$647 billion in 2006, continuing a pattern of high, broad-based economic growth in the developing world. But while 2006 marked the fourth consecutive year in which developing countries grew by more than 5 percent—an “unprecedented” achievement in the last 50 years of development history—the pace of financial flows is beginning to slow. To read the full report, click here.