Long-term finance emerging markets' choke point

Tokyo

EMERGING markets are suffering collapses in the run-up to a decision by the US Federal Reserve on raising interest rates but emerging economy financial systems in general face a wider attack in a new World Bank report on shortages of long-term funds for development.

"Shortage of long-term financing since the 2008 crisis is choking the investment-backed growth of companies in developing countries," says the report published on Monday.