Capital inflows to plunge - World Bank

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.