Global Development Finance 2006

A World Bank report says 2005 was a landmark year in globaldevelopment finance. The Global Development Finance 2006 report says net private capital flows to developing countries reached a record high of US$491 billion in 2005. The report shows capital flows between developing countries are now growing more rapidly than those between developed and developing countries particularly in foreign direct investment. http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:20935894~pagePK:34370~piPK:34424~theSitePK:4607,00.html

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