The Importance of Local Capital Markets for Financing Development

The Importance of Local Capital Markets for Financing Development

Rudimentary markets for capital - for raising money and investing - exist in even the remotest places around the world. However, prudent macroeconomic management, regulation, investor protection, and innovation are necessary to transition these nas...

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Main Authors: Narayanaswamy, Meera, Blitzer, Charles, Carvajal, Ana
Format: Brief
Language:English
Published: International Finance Corporation, Washington, DC 2018
Subjects:
CAPITAL MARKET
MARKET CAPITALIZATION
SECURITIES MARKET
Online Access:http://documents.worldbank.org/curated/en/466641486540418996/The-importance-of-local-capital-markets-for-financing-development
http://hdl.handle.net/10986/30354
id okr-10986-30354
recordtype oai_dc
spelling okr-10986-303542021-05-25T10:54:41Z The Importance of Local Capital Markets for Financing Development Narayanaswamy, Meera Blitzer, Charles Carvajal, Ana CAPITAL MARKET MARKET CAPITALIZATION SECURITIES MARKET Rudimentary markets for capital - for raising money and investing - exist in even the remotest places around the world. However, prudent macroeconomic management, regulation, investor protection, and innovation are necessary to transition these nascent markets, which are often speculative ventures prone to fraud, into modern, efficient, and well-functioning markets capable of serving the needs of investors and entrepreneurs, borrowers, and lenders alike. Developing local capital markets and making greater use of them to fund private investment and strategic economic needs tends to happens in stages. The experiences of countries across the globe shows that capital markets development is a gradual process requiring strong leadership from government authorities as well as a significant commitment of time and resources. If done correctly, the payoffs can be substantial and long-term. The strategic imperative, however, is to develop strategies that fit the particular country circumstances. 2018-09-06T15:29:20Z 2018-09-06T15:29:20Z 2017-01 Brief http://documents.worldbank.org/curated/en/466641486540418996/The-importance-of-local-capital-markets-for-financing-development http://hdl.handle.net/10986/30354 English EMCompass,no. 28; CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo International Finance Corporation International Finance Corporation, Washington, DC Publications & Research Publications & Research :: Brief Africa East Africa Kenya Rwanda
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic CAPITAL MARKET
MARKET CAPITALIZATION
SECURITIES MARKET
spellingShingle CAPITAL MARKET
MARKET CAPITALIZATION
SECURITIES MARKET
Narayanaswamy, Meera
Blitzer, Charles
Carvajal, Ana
The Importance of Local Capital Markets for Financing Development
geographic_facet Africa
East Africa
Kenya
Rwanda
relation EMCompass,no. 28;
description Rudimentary markets for capital - for raising money and investing - exist in even the remotest places around the world. However, prudent macroeconomic management, regulation, investor protection, and innovation are necessary to transition these nascent markets, which are often speculative ventures prone to fraud, into modern, efficient, and well-functioning markets capable of serving the needs of investors and entrepreneurs, borrowers, and lenders alike. Developing local capital markets and making greater use of them to fund private investment and strategic economic needs tends to happens in stages. The experiences of countries across the globe shows that capital markets development is a gradual process requiring strong leadership from government authorities as well as a significant commitment of time and resources. If done correctly, the payoffs can be substantial and long-term. The strategic imperative, however, is to develop strategies that fit the particular country circumstances.
format Brief
author Narayanaswamy, Meera
Blitzer, Charles
Carvajal, Ana
author_facet Narayanaswamy, Meera
Blitzer, Charles
Carvajal, Ana
author_sort Narayanaswamy, Meera
title The Importance of Local Capital Markets for Financing Development
title_short The Importance of Local Capital Markets for Financing Development
title_full The Importance of Local Capital Markets for Financing Development
title_fullStr The Importance of Local Capital Markets for Financing Development
title_full_unstemmed The Importance of Local Capital Markets for Financing Development
title_sort importance of local capital markets for financing development
publisher International Finance Corporation, Washington, DC
publishDate 2018
url http://documents.worldbank.org/curated/en/466641486540418996/The-importance-of-local-capital-markets-for-financing-development
http://hdl.handle.net/10986/30354
_version_ 1764471774824628224

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