Stifling cross-border banking hurts developing countries – World Bank
World Bank offers advice on successful cross-border banking
Post-crisis restrictions on foreign banks are negatively affecting the flow of capital to firms and households in developing countries, a report published by the World Bank has revealed.
Published on November 7, Bankers without borders examines the role international banking plays in supporting economic development.
“Following a decade of increased globalisation, international banking suffered a setback after the global financial crisis,” the report says.
In the years running up to the 2007
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