US$800b in funding eludes emerging market projects: report

Singapore

EMERGING economies are missing out on an annual US$800 billion in funding to corporations and infrastructure projects as a result of shallow capital markets in these countries, a McKinsey report said on Wednesday.

Emerging capital markets face challenges in the availability, diversity and pricing of capital, it said; it noted that this is true of mid-sized companies and infrastructure projects that are crowded out by larger issuers and governments.