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, 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 Acting Chief Economist and Senior Vice President Alan Gelb. The principal authors of each chapter were:

Overview: Mansoor Dailami, with contributions from the International Finance Team

Chapter 1: Mick Riordan and Hans Timmer

Chapter 2: Douglas Hostland, Dilek Aykut, Eung Ju Kim

Chapter 3: Mansoor Dailami, Dilek Aykut, Robert Hauswald, and Haocong Ren

Mansoor Dailami
Mr. Dailami is Manager of International Finance in the World Bank’s Development Prospects Group. He is responsible for the monitoring and analysis of the whole spectrum of private and official flows to developing countries, and oversees the preparation of Global Development Finance, the Bank’s flagship publication on development finance. He is a well known expert on infrastructure development and finance, emerging bond markets, and emerging corporate finance on which he has advised governments and published extensively. Since joining the Bank in 1986, Mr. Dailami has been a team leader in capacity building programs in World Bank Institute, and in South Asia, where he headed the Economic Unit of the Bank’s office in India. Prior to joining the Bank, he worked at the United Nations Secretariat in New York, Massachusetts Institute of Technology and New York University. He holds a PhD. in Economics from Harvard, as well as B.Sc. and M.Sc. from London School of Economics

Hans Timmer
Hans Timmer, a Dutch national, is Lead Economist and Manager of the Global Trends team in the Bank’s Development Prospects Group. Under his management, the Global Trends Team is responsible for authoring "Chapter One - Global Outlook and the Developing Countries" of this year's Global Economic Prospects and the Developing Countries. He is also responsible for short-term monitoring, medium-term forecasting and policy analysis and long-term scenario analysis of the global economy. Before joining the Bank in May 2000, he was head of international economic analysis at Central Planning Bureau (CPB) for ten years. In this role, he supervised the development of two world models: a long-term model of the world economy, and an econometric medium-term model of OECD economies. 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. He has participated in international modeling groups like LINK and GTAP. Mr. Timmer studied Econometrics at Erasmus University Rotterdam. He has been a researcher at the University of Lodz in Poland and at the Netherlands Economic Institute.

Mick Riordan
Mick Riordan is a Senior Economist for the Global Trends Team of the Development Prospects Group, providing forecast analysis for the group's products and publications. He has participated in studies on topics of global importance such as Iraq, and oil prices, which support the Bank's Regional efforts to better understand the global context. Before joining the Bank, he was Director of International Consulting for the WEFA Group (now Global Insights), and was also involved in foreign exchange advisory work, and large-scale projects in contract consulting. Mick Riordan holds an MSc in Economics from the London School of Economics (1981), and a BSc in International Business from Wharton School of the University of Pennsylvania (1977).

Douglas Hostland
Doug Hostland is a Senior Economist with the Development Prospects Group and is a core member of the team that produces Global Development Finance. He is the International Finance Team's specialist on official capital flows and development assistance to developing countries. Before joining the Bank, Mr. Hostland worked as a Chief Economist in the Economic and Fiscal Policy Branch and the International Trade and Finance Branch of the Department of Finance in Canada, and has also worked in Research, International, and Monetary and Financial Analysis Departments at the Bank of Canada. Mr. Hostland holds degrees from the University of Alberta and the University of Western Ontario in Canada.

Dilek Aykut, is an Economist and FDI specialist. She 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).

Haocong Ren, as a consultant for the International Finance Team, has provided analysis of the trends and implications of global capital flows, with a focus on international bond issuance and external financing of emerging market corporations. She has also worked on commercial debt restructuring by emerging market countries and fulfilled ad hoc requests from the management. She has an MPhil. degree in economics and taught at the George Washington University prior to joining the International Finance Team.