Prospects for developing countries have improved considerably in the past six months finds the World Bank's just-released "Global Development Finance 2000." Industrial country output and world trade growth have become stronger and more broadly based. Although prices for primary commodities have...

This note summarizes recent projections on the longer-term effects of the East Asia's financial crisis, and the significant effect already felt in developing countries. Five main points are examined, as follows: 1) though trade will drive the recovery, adjustment will be deep and protracted, in...

Developing countries are now recovering from the worst ravages of the financial crisis of 1997-98. However, the recovery is both uneven and fragile, and many countries continue to struggle in the aftermath. In addition to a review of international economic developments, this report considers...