Net private capital flows to 29 major emerging-market countries will fall below $160 billion in 1998, from $240 billion last year, according to the Institute of International Finance.

Reflecting concern among banks about prospects for emerging-market economies, the Washington-based trade organization predicted that commercial bank lending to those countries tries will fall to $42 billion, from $97 billion in 1997 and $180 billion in 1996.

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