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Supporting local bond market development : how can development banks foster domestic capital markets? (Inglês)

Domestic capital markets are a vital source of stable, sustainable finance, and underpin a private sector associated with employment and economic growth. Yet capital markets are underdeveloped across the emerging-market world, leading to illiquidity, elevated transaction costs, and other inefficiencies. Development banks can help foster stronger capital markets through local bond issuances, partial credit guarantees, anchor investments, risk sharing...
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