Financing Firm Growth: The Role of Capital Markets in Low- and Middle-Income Countries

Well-functioning capital markets are essential for fostering economic growth and efficiently allocating resources. By issuing debt and equity in capital markets, firms can access a broader funding base, often at cheaper rates and longer tenors than through traditional sources of finance, such as banks. However, capital markets in low- and middle-income countries have historically lagged behind those in high-income countries, leaving firms in these economies more reliant on bank financing or retained earnings and facing greater financial constraints. This webinar explores the role of capital markets in driving firm growth in low- and middle-income countries, and the opportunities this creates for financial institutions across Asia and beyond.