Long-term finance emerging markets' choke point
They are struggling to mobilise funds to build schools, roads and power stations to spur growth: World Bank
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
