Capital inflows to plunge - World Bank
Friday, June 26, 2009
Quoting World Bank manager responsible for international finance, Mansoor Dailami, international capital inflows to developing countries will fall to $363 billion in 2009, down from the $707-billion in 2008 and a sharp decline from the $1,2 trillion in 2007.
"Many corporations will be hard-pressed to service their foreign currency liabilities with revenues earned in depreciating domestic currencies at the same time that export demand has plummeted," Dailami, who is also chief author of the report, added.
The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...