Source: The World Bank

May 29, 2007-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, according to the World Bank's Global Development Finance (GDF) 2007 report released today.

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, says the report.

"What we're seeing now is a leveling off of these increasing capital flows, and on the macroeconomic side, a likely easing of world growth and developing country growth over the next two years," says GDF lead author Mansoor Dailami.

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Posted by pichu at May 29, 2007 5:28 PM