Author: James Smalhout “The fundamentals are in place in several countries,” says Arun Sharma, head of structured finance at the International Finance Corporation. “Something significant could happen.” Sharma thinks that securitization is becoming much more important for emerging markets.
Progress has come in fits and starts for almost a decade. But now, the fundamentals are shifting. Many developing countries are balancing their budgets or even running surpluses, for the very first time. Inflation is down and governments have been privatizing their old pay-as-you-go social security systems.
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