10th of May, 2013
Developing Local Capital Markets in the Southern and Eastern Mediterranean Region
By: Mohamed Nabil Hazzaa and Karim Sarhan
Keywords: Financial Institutions, Infrastructure & Power
This article presents an overview of the current stage of development of the capital markets (debt and money markets) in each southern and eastern Mediterranean jurisdiction (Egypt, Jordan, Morocco and Tunisia), the
ongoing reforms and also the areas where changes would be beneficial to encourage the deepening of the market.
Capital market development has always been high on the transition agenda for the majority of the EBRD’s countries of operations. In 2010, following the global financial crisis, the EBRD
launched the Local Currency and Local Capital Markets Initiative (Initiative), whose aim is to encourage local currency lending as well as the development of local capital markets where local
sources of domestic funding can be mobilised, thereby reducing the reliance on foreign currency lending and the related foreign exchange risks, and encouraging local savings. As part of the
Initiative, the EBRD conducted an assessment reviewing the legal and regulatory framework necessary to support a vibrant local capital market, against the stage of development of the jurisdiction in question. The assessment was conducted in 10 jurisdictions in the eastern Europe and central Asia (EECA) region: Georgia, Hungary, Kazakhstan, Mongolia, Poland, Romania, Russia, Serbia, Turkey and Ukraine.
Read full article here.
Capital market development has always been high on the transition agenda for the majority of the EBRD’s countries of operations. In 2010, following the global financial crisis, the EBRD
launched the Local Currency and Local Capital Markets Initiative (Initiative), whose aim is to encourage local currency lending as well as the development of local capital markets where local
sources of domestic funding can be mobilised, thereby reducing the reliance on foreign currency lending and the related foreign exchange risks, and encouraging local savings. As part of the
Initiative, the EBRD conducted an assessment reviewing the legal and regulatory framework necessary to support a vibrant local capital market, against the stage of development of the jurisdiction in question. The assessment was conducted in 10 jurisdictions in the eastern Europe and central Asia (EECA) region: Georgia, Hungary, Kazakhstan, Mongolia, Poland, Romania, Russia, Serbia, Turkey and Ukraine.
Read full article here.
Developing Local Capital Markets in the Southern and Eastern Mediterranean Region
10th of May, 2013
By: Mohamed Nabil Hazzaa and Karim Sarhan
Keywords: Financial Institutions, Infrastructure & Power
This article presents an overview of the current stage of development of the capital markets (debt and money markets) in each southern and eastern Mediterranean jurisdiction (Egypt, Jordan, Morocco and Tunisia), the
ongoing reforms and also the areas where changes would be beneficial to encourage the deepening of the market.
Capital market development has always been high on the transition agenda for the majority of the EBRD’s countries of operations. In 2010, following the global financial crisis, the EBRD
launched the Local Currency and Local Capital Markets Initiative (Initiative), whose aim is to encourage local currency lending as well as the development of local capital markets where local
sources of domestic funding can be mobilised, thereby reducing the reliance on foreign currency lending and the related foreign exchange risks, and encouraging local savings. As part of the
Initiative, the EBRD conducted an assessment reviewing the legal and regulatory framework necessary to support a vibrant local capital market, against the stage of development of the jurisdiction in question. The assessment was conducted in 10 jurisdictions in the eastern Europe and central Asia (EECA) region: Georgia, Hungary, Kazakhstan, Mongolia, Poland, Romania, Russia, Serbia, Turkey and Ukraine.
Read full article here.
Capital market development has always been high on the transition agenda for the majority of the EBRD’s countries of operations. In 2010, following the global financial crisis, the EBRD
launched the Local Currency and Local Capital Markets Initiative (Initiative), whose aim is to encourage local currency lending as well as the development of local capital markets where local
sources of domestic funding can be mobilised, thereby reducing the reliance on foreign currency lending and the related foreign exchange risks, and encouraging local savings. As part of the
Initiative, the EBRD conducted an assessment reviewing the legal and regulatory framework necessary to support a vibrant local capital market, against the stage of development of the jurisdiction in question. The assessment was conducted in 10 jurisdictions in the eastern Europe and central Asia (EECA) region: Georgia, Hungary, Kazakhstan, Mongolia, Poland, Romania, Russia, Serbia, Turkey and Ukraine.
Read full article here.
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