As 1997 proved to be a roller coaster year for emerging markets, Global Development Finance 1998 (GDF), the most comprehensive and detailed publication on developing-country debt available, has kept up with the global economy's changing tide. This year's GDF (formerly World Debt Tables) continues to be the World Bank's authoritative review of developing countries' external debt and financial flows, as it devotes special emphasis to the East Asian financial crisis. With its consolidated statistics for all developing countries, it is an indispensable reference guide for economists, bankers, country risk analysts, financial consultants, and others involved in investment lending and capital flows worldwide. Analysis and Summary Tables examines recent developments in flows from international capital markets to developing countries. The publication provides expert commentary as it covers trends in net official finance and aid allocation, efforts to assist the heavily indebted developing countries, and the increasing volume and scope of guaranteed activities. Appendices provide global privatization activity accompanied by tables highlighting portfolio investment and foreign direct investment, and tables also focusing on debt burden indicators and country classification, and official and commercial debt restructuring.
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