Overview

• Deep and efficient local capital markets underpin long-term economic growth.
• Sound macroeconomic policies, an enabling regulatory environment, stable interest rates and prices are all needed for domestic capital markets to be efficient
• Only vibrant domestic capital markets can create access to long-term, local-currency finance for the private sector—the key engine of job creation in emerging markets.
• Domestic capital markets are the most effective way to channel funds to key sectors such as infrastructure, and to help address global development challenges such as climate change.
• The development of such markets must be a top priority if countries are to achieve sustainable economic growth and shared prosperity.