Core Team

This report was prepared by the International Finance Team of the World Bank's Development Prospects Group. Substantial support was also provided by staff from other parts of the Development Economics Vice-Presidency, the World Bank operational regions and networks, the International Finance Corporation, and the Multilateral Investment Guarantee Agency.

The principal author was Mansoor Dailami, with direction by  Uri Dadush. The report was prepared under the general guidance of World Bank Chief Economist and Senior Vice President Francois Bourguignon. Core team members were:

Dilek Aykut is an Economist and FDI specialist. Dilek is conducting research on FDI related issues including trends, determinants, South-South FDI, sectoral analysis etc. and maintaining regular contact with colleagues working on FDI in the Bank and other institutions (IMF, OECD, UNCTAD). Dilek's previous experience includes: Consultant, World Bank Trade Department; Graduate Research Fellow, University of Pittsburgh Center for Social and Urban Research; Instructor, University of Pittsburgh, Department of Economics.

Eung Ju Kim is a Research Analyst, focusing on monitoring trends in FDI flows and project finance. His duties include monitoring of trends and prospects of FDI flow and infrastructure & project finance, and preparing commercial debt restructuring appendix and capital flow forecasting as a part of GDF exercise. In addition, he provides diversified sets of data and analytics for senior management briefings and ad-hoc requests. He has also prepared several briefing notes on a variety of issues associated with FDI trends, Brady bonds, Infrastructure finance, and international bond markets. Mr. Kim's previous experience includes examining the impact of sovereign credit ratings on capital flows (wrote a section for GDF 2000) and monitoring trends in privatization activities (for GDF2001); work on several cross-support projects, including lending review & the 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).

Johanna L. Francis, as a consultant for the International Finance Team, has provided analysis of the implications of private capital flows for development. She is finishing her PhD in economics at Johns Hopkins University and will be taking an assistant professorship at Fordham University in New York this summer.  She has a BA and MA from McGill University and has taught at the University of Maryland, Baltimore County and at Loyola College.

Jacqueline Irving is a consultant for the International Finance Team, is currently focusing on South-South bank lending flows and channels for petrodollar recycling. She has been building on research and operational work over the past several years, including for the IMF, on developing countries’ access to foreign private capital, regional integration of equity markets, and associated policies. Previous experience includes 7 years with the Economist Intelligence Unit, most recently leading a team of regional analysts for the country report series, Financing Foreign Operations.Over the past decade, she has also consulted for the UN (DSG's Development Financing Unit, ECA, UNDP, and Africa Recovery). She has a Master's degree from Columbia University.

Neeltje Van Horen is a consultant for the International Finance Team and a bank lending specialist. Her responsibilities involve the monitoring of trends in bank lending to developing countries. She is conducting research in several areas including South-South bank lending, FDI in the financial sector, financial crises, asset pricing, financial integration and trade credit. Prior to joining the International Finance Team, Neeltje worked in the World Bank Research Group. She holds a Phd from the University of Amsterdam.