Major reforms and public sector efforts in recent years have focused on improving conditions for increased private sector financing. However, and despite numerous financial institutions operating in the market, financial services penetration remains low. While much progress has been made,...

Mexico's challenges in infrastructure finance can be framed along similar lines as other Advanced Economies (AEs) and large Emerging Market Economies (EMEs). Mexico is particularly well placed to make capital markets a reliable financing source complementing bank financing. Its capital markets...

The fundamental challenges confronting the Turkish financial system are to reduce dependence on external and foreign currency financing and to increase the maturity and diversity of funding instruments on which banks and firms depend. The long-standing shortfall of national savings to finance...