The Report was prepared by the Economic Policy and Prospects Group, and drew on resources throughout the Development Economics Vice-Presidency, the Economic Policy Sector Board, the World Bank operational International Finance Team of the Development Prospects Group of the World Bank but drew on resources throughout the Development Economics Vice-Presidency, the World Bank operational regions, the International Finance Corporation, and the Multilateral Investment Guarantee Agency. The principal author of the was William Shaw, with direction from Uri Dadush. The Report was prepared under the general direction of former Chief Economist and Senior Vice President, Nicholas Stern. Core team members and chapter authors were: Himmat Kalsi is a Senior Financial Economist in the International Finance Team. His responsibilities include monitoring emerging market finance in all sectors of capital markets and analyzing prospects and risks that can potentially effect such financing. He writes extensively on topical issues related to debt, investor risk aversion, creditworthiness, demand and supply of capital, linkages between primary and secondary markets, risk premiums and pricing dynamics, and structured financing, including that for trade and infrastructure. He maintains relations with a network of participants in capital markets. In addition, he serves as an institutional anchor for resource and information on capital flows, debt, domestic and international financial markets, and country creditworthiness. He was a member of the World Bank’s former International Debt and Finance Division. Mr. Kalsi holds a Master’s degree in Economics, a Master of Business Administration in Finance, and a diploma in Chartered Accountancy. 
Eung Ju Kim is a Research Analyst for the International Finance team. His work focuses on monitoring trends in private capital flows and infrastructure and preparing commercial debt restructuring appendix and capital flow forecasting for the annual Global Development Finance Report. He provides a diversified set of data and analytics for senior management briefings and has prepared several briefing notes on a variety of issues associated with FDI trends, Brady bonds, Infrastructure finance, and international bond markets. He also worked on several cross-support projects, including lending review & strategy paper (“Demand for World Bank Lending”), the policy note on the International Development Goal for poverty reduction, and strategic directions paper for SRMVP (Middle-income Countries Task Force Report). Prior to joining the World Bank, Mr. Kim worked as a Research Assistant with The Prudential Securities, Inc. Mr. Kim holds a Master's in Corporate Finance from the Catholic University of America. Sanket Mohapatra is an Economist in the International Monetary Fund’s Africa Department, covering Comoros, Central African Republic, Zambia and Zimbabwe). Prior to joining the IMF, he worked as a Consultant in the World Bank’s newly created Debt Department and the International Finance Team of the Development Prospects Group. Mr. Mohapatra co-authored the GDF chapter on Corporate Financial Structures and Performance in Developing Countries.He holds an M.Phil. degree from the Department of Economics at Columbia University, an M.A. from the Delhi School of Economics and is currently completing his Ph.D. at the Department of Economics at Columbia University. 
Dilip Ratha, a Senior Economist, writes topical chapters in the Global Development Finance reports, monitors global capital markets, and prepares medium-term forecasts of capital flows to developing countries. Prior Bank assignments include sovereign risk analysis in FINCR, and state enterprise reforms in China in the research department. Work experience outside the Bank includes positions as Asia Regional Economist, Credit Agricole Indosuez; Assistant Professor, Indian Institute of Management, Ahmedabad; Economist, The Policy Group, New Delhi; and Lecturer, Indian Statistical Institute, New Delhi. William Shaw retired in 2004 as Lead Economist for the International Finance Team of the Development Prospects Group and is currently working with the group as the principal author of the Global Economic Prospects 2006 Report. He has also worked in Regional Operations on Bolivia, Tanzania, and private sector development issues in the Caribbean. Prior to joining the Bank, Mr. Shaw worked at the U.S. Department of Agriculture. Mr. Shaw holds a Ph.D. from George Washington University. Hans Timmer is Lead Economist and Manager of the Global Trends Team in the Development Prospects Group. Before joining the Bank in May 2000, he was head of international economic analysis at the Central Planning Bureau (CPB) for ten years. He has had vast experience working with the European Commission, IPCC and the OECD, as well as with the Indian Planning Commission and the Chinese Academy of Social Sciences; and has participated in international modeling groups such as LINK and GTAP. Hans Timmer studied Econometrics at Erasmus University, Rotterdam and has been a researcher at the University of Lodz in Poland and at the Netherlands Economic Institute. 
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