With the exception of South Africa, local financial markets in sub-Saharan Africa remain underdeveloped and small, with a particular dearth of financing with maturity terms commensurate with the medium- to long-term horizons of infrastructure projects. But as financial market reforms gather momentum, there is growing awareness of the need to tap local and regional sources. Drawing on a comprehensive new database constructed for the purpose of this...
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详细
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2009/03/01
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政策研究报告
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WPS4878
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1
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1
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2010/07/01
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Disclosed
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Local sources of financing for infrastructure in Africa : a cross-country analysis
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openness to capital flows