| Private Capital Flows Return to
a Few Developing Countries As Aid Flows To Poorest Rise Only Slightly WASHINGTON, April 19, 2003— Net
private capital flows to developing countries as a whole rebounded to $200 billion in
2003, up from $155 billion in 2002, but most of the increase is concentrated in just a few
relatively better-off countries, while official development assistance to poor nations
increased only marginally, says the annual World Bank report, Global Development Finance
2004. “The rebound in capital flows to some of the larger countries is encouraging,
and reflects an improving global economic picture,” said François Bourguignon, the
World Bank’s Chief Economist. “But we are concerned about official aid flows,
which are of critical importance to the poorest countries. They have increased only
slightly, and last year remained well below the levels required to achieve the Millennium
Development Goals (MDGs),”
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