VOL. XXXVIII
NO. 39
26-JUNE-1995
Financial and Banking News
Capital Markets
Middle Eastern Capital Markets Must Be Strengthened
A former senior economist at the World Bank has described Middle Easterncapital markets, amongst others, as providing only a "veneer of financialmediation" and said that they must be improved if developing countries areto implement major infrastructural projects in the future. In a paperdelivered at a recent conference on Middle Eastern and North African power and...
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