Развитие самофинансирования

НЬЮ-ЙОРК – Примечательной чертой международной финансовой системы за последнее десятилетие является быстрое и обширное накопление валютных запасов развивающимися странами. Мировые валютные запасы увеличились в объёме в три раза, составив, по сравнению с 2,1 триллионами долларов в декабре 2001г., беспрецедентных  6,5 триллиона долларов в начале 2008г., согласно данным МВФ.

На долю развивающихся стран в целом приходится более 80 процентов глобально накопленных  запасов за этот период, и их текущий размер достигает 5 триллионов долларов. Половина этого сосредоточена в развивающейся Азии, однако Латинская Америка и Африка также накапливали международные средства в достойном внимания темпе. Общие размеры этих запасов превышают непосредственную потребность стран в ликвидности, что приводит к росту производства и расширению фондов национального благосостояния, которые располагают дополнительными средствами в размере более 3 триллионов долларов.

Беспрецедентный рост валютных фондов развивающихся стран вызван как избытком в текущих счетах, так и крупным притоком чистого капитала. Практически все резервы развивающихся стран инвестированы в активы развитых стран, что приводит к повышению чистого притока ресурсов из развивающегося в развитый мир, который, согласно оценке ДЭСВ ООН, только в 2007г. достиг 720 миллиардов долларов.

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