Gross domestic product (GDP) is widely recognized as an insufficient measure of economic progress and national success. Since GDP is nearly universally available and comparable across countries, it is...
How can we track the sustainability of economic progress and measure the changing wealth of nations? Until now, gross domestic product (GDP) has been the headline indicator for tracking economic progress...
The IFC-sponsored Capital Markets Postgraduate Program—launched in 2016—is a roughly nine-month intensive training aimed at building a critical mass of qualified practitioners within key regulatory and...
Developing a local currency bond market is an important development objective for Tanzania to diversify its funding sources and ensure financial resilience over the medium to long term. By rationalizing...
Callable capital has been an integral part of IBRD’s capital structure and a foundational element in IBRD’s capital adequacy framework. This report seeks to provide increased clarity on the process and...
The foundation for capital market development in Kazakhstan is solid, yet supply and demandside issues restrict the deepening of the capital market. The macroeconomic conditions areconducive, despite the...
The World Bank is exploring a range of options to stretch its own capital and to expand private capital mobilization as part of its evolution exercise. In this context, stakeholders have expressed interest...
This article revisits the Portfolio Theory of Inflation (PTI), with a view to further articulating its findings and implications. The article adds to the micro-foundations of the PTI, framing more rigorously...
Robust regulatory frameworks are important for developing healthy capital markets. Most current research ends that sustainable finance regulation serves as a backbone for the development of sustainable...
Attracting private capital and developing the private sector in low-income countries are challenging. The challenges involved in mobilizing private capital and developing the private sector in many IDA...
On April 16, 2023, International Finance Corporation (IFC) Board of Governors adopted resolution number two hundred and seventy-eight. It was resolved that: (i) the final subscription date, which is the...
The development objective of the Catalyzing Long Term Finance through Capital Markets Project for Serbia is to: (i) improve the enabling environment for capital markets development; and (ii) deepen the...
This Market Monitor is an update of the 2021 monitor, and provides an analysis of gender equality on the boards and in leadership positions at the top 100 issuers by market capitalization on 22 major G20...
In this report, the authors investigate state-owned enterprise (SOE) listings as a solution to promote local capital markets development. Thus, SOE listings can offer governments an enormous opportunity...
The April research newsletter features the topic "Capital Markets & Development." This newsletter is led by a feature story excerpt highlighting the importance of an efficient and stable financial sector...
There have been significant improvements to the legal framework and the supervisory process since the last Basel Core Principles (BCP) review; some additional recommended enhancements are highlighted in...
This program document for the Second Capital Market Development and Small and Medium-Size Enterprise Finance Development Policy Loan Project has four pillars as follows : (i) Pillar A - Improve access...