This paper discusses the following issues regarding the pace of private domestic investment, its prospects for recovery, and its role in adjustment programs of developing countries: (a) the relationship between stabilization measures affected through aggregate demand management and the need for...

The market seems to impose a high-risk premium on infrastructure loans to countries with high inflation and to projects in the road sector. The success with which middle-income indebted developing countries have gained access to private international finance in the 1990s is a tribute to their...

The emergence in the 1990s of a nascent project bond market to fund long-term infrastructure projects in developing countries merits attention. Dailami and Hauswald compile detailed information on a sample of 105 bonds issued between January 1993 and March 2002 for financing infrastructure...

This important book tackles some of the main security challenges facing the international development community today. Containing contributions by leading experts, including some who have been at the centre of the international policy debate, it goes further by putting forward suggestions and...