Debt cancellation did not necessarily lead to net flows.

Excessive flows of debt and a series of debt crises in the post war period had resulted in debt overhangs that, in the 1970s and particularly in the 1980s, had been costly in terms of development.

We believe that the issue of resource flows is inextricably linked to that of the external debt crisis in many developing countries.

48. Technological flows to developing countries must be backed by financial flows, especially in view of the debt and debt servicing burden of those countries.

First, debt relief arrangements should seek to avoid imposing any unfair burdens on other developing countries and secondly, resources made available for debt relief should not detract from ODA flows.

The combination of debt reduction and economic reforms has helped jump start Latin American economies and has produced major capital flows and fiscal benefits.

The dark areas are lava flows.

The sustainability of a country's external debt is determined by the projected flows of revenues and expenditures, including those for servicing debt, as well as changes in exchange rates.

That is equivalent to about five times aid flows and budget savings from debt service relief provided by high income countries in 2002.

Economic growth is hampered by external debt problems, by the decrease in external resource flows, by sharply declining terms of trade and by mounting barriers to market access.

2. Reaffirms the importance of fulfilling commitments by developed countries to increase official development assistance, to reduce debt and debt service payments, to open their markets to the products of developing countries and to encourage foreign direct investment flows to the developing world

To address the debt burden problem, many African countries at first resorted to repeated debt rescheduling which focused on debt service flows, resulting in steadily increasing debt stocks and related service payments.

Damming Capital

The Capital Flow Conundrum

Aid flows were tiny.

(d) Contribution and expense flows

Capital flows

Capital flows and remittances

New refugee outflows

As I said here a year ago, the IMF has long been an advocate of increases in aid flows and debt relief, and we are working intensively on how to best give effect to the G 8 debt forgiveness proposal.

The international community is also called upon to assist countries to find solutions to the debt problem, to increase resource flows and economic diversification, to improve market access, and to make regional integration more effective.

Those that do relatively well share three characteristics low levels of public debt, limited dependence on exports or capital flows, and robust democratic institutions.

Actual volumes of foreign direct investment have been comparatively small and their beneficial effect on the potential for resuming growth has been offset in several cases by capital flight or debt service flows.

B. External debt and debt relief

The portion of capital inflows that is not re exported represents net capital inflows.

C. Investment and capital flows

We just talked about revenue streams.

The resolution, moreover, calls for the treatment of multilateral debt to alleviate debt and debt service burdens.

B. External debt and debt relief . 27 32 10

Debt

In my own country apos s case, debt has been incurred by the Government acting as a catalyst for economic development in the absence of sufficient official development assistance or private investment flows despite generous incentives.

Industrial trade, technology and investment flows

INDUSTRIAL TRADE, TECHNOLOGY AND INVESTMENT FLOWS

However, as clearly indicated by the data in table 1, the JMAC in many missions is largely a military cell.

A rapid increase in aid flows was necessary.

III. QUANTITATIVE TRENDS IN RESOURCE FLOWS . 18 50 8

G. Support for FDI flows . 72 73 24

III. QUANTITATIVE TRENDS IN RESOURCE FLOWS

G. Support for FDI flows

They underscore the importance of the regulation and supervision of all financial institutions preceding liberalization, as well as a sound and coherent policy framework for managing and monitoring capital flows, in general, and debt management, in particular.

(c) Reduce barriers to long term, non debt creating capital flows, especially FDI, and the costs to migrants of sending their remittances through sanctioned institutional channels.

Private sector capital flows now dwarf traditional public sector aid flows.

Such a debt strategy should include debt cancellation.

Debt and Delusion

Debt and Democracy