Publication date
12 September 2013

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Capital Markets in Eurasia: Two Decades of Reform is the culmination of a two-year project and three meetings involving 12 Eurasian countries participating in the Eurasia Group on Corporate Governance for Capital Market Development. It sets out the shared view of the region’s regulators and stock exchanges on priorities and recommendations for countries in the region to improve their corporate governance and spur capital market development and economic growth.

It analyses the structure, experience and prospects for Eurasian capital markets, and makes recommendations to support the development of liquid and vibrant capital markets as a key ingredient for economic growth. It underlines the critical role that corporate governance can play to underpin such growth. It reviews and notes the region’s rapid economic growth during the last decade and the need for equity capital to complement bank financing to maintain sustainable economic growth in the future.