Emerging markets are a major part of the growth story in the world, led by China, but more and more by other countries where the middle-class is evolving, said the chief executive of International Finance Corp (IFC).
New figures released b
Developing countries should brace for a long period of financial market volatility and weaker growth as tensions rise over a worsening euro zone debt crisis, the World Bank has warned.
Growth in the Middle East and North Africa region is e
Developing countries could face a financing gap of $270 billion to $700 billion this year as trade income dwindles and rich nations vie for capital to deal with a global slump, the World Bank said.
The World Bank said even at the lower end