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The Landscape of Capital Flows to Low-Income Countries
Author:
Mr. Thomas William Dorsey
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,
Ms. Zuzana Brixiova
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,
Sukhwinder Singh
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Mr. Helaway Tadesse
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Series:
IMF Working Papers
Volume/Issue:
Volume 2008: Issue 051
Language:
English
Publication Date:
01 Feb 2008
DOI:
https://doi.org/10.5089/9781451869132.001
ISBN:
9781451869132
ISSN:
1018-5941
Pages:
78
Keywords:
WP; debt forgiveness; investment liability; capital flight; account assets
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper reviews trends in capital flows and capital-like flows such as official grants and remittances to low-income countries over the period 1981-2006. The survey reveals a broadbased increase in such flows as a share of low-income country GDP across major regions, countries with differing commodity export composition, and countries with differing debt relief status. The increase in inflows is dominated by an increase in private sector inflows, mostly in the form of private transfers and foreign direct investment. Official sector inflows have remained comparatively constant as a share of low-income country GDP and even declined in the most recent years. The paper concludes with some tentative policy conclusions and has a discussion of data issues in the annexes.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2008: Issue 051