Well-functioning capital markets can foster economic growth and allocate resources efficiently. Firms can tap into a broader funding base by issuing debt and equity in capital markets, often at cheaper rates and longer tenors than through other sources of external finance, such as banks. However, capital markets in low- and middle-income countries have lagged those in high-income countries. Accordingly, the firms in those countries have more often...
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2025/04/01
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Publication
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200178
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1
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2025/04/01
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Disclosed
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Financing Firm Growth : The Role of Capital Markets in Low- and Middle-Income Countries - Overview
Citation
Cesaire Assah Meh; Schmukler, Sergio L..
Financing Firm Growth : The Role of Capital Markets in Low- and Middle-Income Countries - Overview (English). International Finance Corporation Research Series Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099501104012524998