This report provides information on private market financing for developing countries, covering developments since August 1992.1 Over the past year, progress has continued to be made in resolving commercial bank debt problems as a number of restructuring packages have been completed. Private flows to developing countries through securities markets (i.e., bonds and equities) have continued to increase, although the experience has been uneven across market segments and countries. In contrast, bank lending to developing countries has remained subdued.