Investment Funds in Emerging Markets (Ifc Lessons of Experience Series, 2)

The Role Of Capital Markets In Economic Development Is Becoming Increasingly Evident. It Is Now Widely Recognized That There Is A Direct Correlation Between Economic Growth And Development Of The Financial Sector. A Well-functioning Financial Intermediation System Helps To Facilitate A Virtuous Circle Of Productivity Increases, Economic Growth, And Domestic Savings. Ifc Has Been Involved With The Capital Markets Sector For Over 25 Years, Reflecting Its Focus On Assisting Developing Countries In Building Their Physical And Financial Infrastructure. It Has Helped Supplement Domestic Resources By Mobilizing External Savings Flows To Emerging Markets, And Focused On Developing Domestic Financial Institutions And Capital Markets. This Approach To Deepening And Broadening Domestic Markets Has Been Critical To Ifc's Strategy Of Promoting The Growth Of Local Savings. International Finance Corporation--cover. Prepared By Laurence Carter, Teresa Barger, And Irving Kuczynski. Includes Bibliographical References (p. [73]). Annotation IFC Lessons of Experience Paper No. 2. Describes the International Finance Corporation's experience with various funds in emerging markets and the effects of these financial instruments on development. The instruments include country funds, debt-equity funds, index funds, venture capital funds, private equity funds, local mutual funds, and private pension funds