The financing needs of emerging markets are enormous. Sectors such as infrastructure, small business, and housing are vital to a nation’s sustainable development and require substantial financing support. Since these sectors primarily generate revenues in local currency, foreign currency financing may incur a mismatch that can expose emerging market borrowers to exchange rate risk in times of high volatility. Local currency bond issuance is a significant...
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INFORMATION
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2017/01/01
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Fiche
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112690
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1
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1
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2017/02/08
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Disclosed
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Masala bond program – nurturing a local currency bond market
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bond
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