Capital Flows to Developing World in The 90s

Trends in Private Investment in Developing Countries, IFC, Washington, USA, p. 1

Reddy C. R. , Skewed Pattern of Capital Flows, The Hindu, April 28, 1997

Global Development Finance, Vol. 1, 1997

See Sader Frank (1995), Privatization Public Enterprises and Foreign Investment in Developing Countries, 1988-93. Foreign Investment Advisory Service Discussion Paper No. 5, World Bank, The Washington

IFC, op. cit, p. 8

The commitments data collected in the World Bank's privatization database are not comprehensive. Out of the 3041 privatisation transactions only 412 have information available on investment commitments. The absence of information about investment commitments should not, therefore, be interpreted as lack of investment. Further, in some instances investment commitments made during privatization have later been reneged