On the decline of developing world debt.

• Author: Rees, Matthew
• Position: Global market/economic trends - Brief article

"Developing countries that spent the 1990s with huge deficits have enjoyed a turnround. As a group, they ran a current account deficit of $89 billion in 1998. But by 2005 this had moved into a surplus of $248 billion, according to the World Bank's latest Global Development Finance report. In 1992-97, the group ran a cumulative...