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Capital Market Development: The Road Ahead
This paper presents a synthesis of presentations and discussions at a Joint UNITAR/WAIFEM Sub-Regional Workshop on Capital Market Development for West African Nations (Accra, Ghana, 10-14 April 2000).
One of the significant areas of underdevelopment in finanical management in developing countries is domestic capital market issues. In most developed countries the domestic capital market is regarded as an important source of funding by the state and has many advantages over the use of foreign sources of debt financing.
UNITAR’s workshop on Capital Market Development dealt with enhancing primary and secondary market participation in African economies. Major concerns, issues and policy questions as well as the fundamental factors necessary for a successful capital market were always kept in the forefront of discussions during this five-day workshop.
One of the significant areas of underdevelopment in finanical management in developing countries is domestic capital market issues. In most developed countries the domestic capital market is regarded as an important source of funding by the state and has many advantages over the use of foreign sources of debt financing.
UNITAR’s workshop on Capital Market Development dealt with enhancing primary and secondary market participation in African economies. Major concerns, issues and policy questions as well as the fundamental factors necessary for a successful capital market were always kept in the forefront of discussions during this five-day workshop.