The recent global financial meltdown was a revelation in one sense. Before the crisis there had been a belief that banks could never fail, a belief that encouraged overleveraging and excessive risk taking...
This report, getting finance in South Asia 2009, published annually by the unit, reaffirms the World Bank's commitment to working with developing member countries to promote financial sector development...
Bond markets play an essential part in economies. As part of a diversified financial system, a well-developed domestic bond market can help provide the long-term financing needed for sustainable growth...