Corporates to drive EM growth but watch financial market development, say Credit Institute panellists

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Dailami, World Bank: corporate sector to be main driver of emerging markets

The corporate sector is taking the mantle from the sovereign sector in driving credit market expansion in emerging markets, panellists told participants at a Credit Institute conference on emerging markets in London. The panel discussion, moderated by Bart Turtelboom, co-head of the emerging markets fund at GLG Partners, focused on the outlook for credit markets in emerging and frontier markets. “Looking forward to the next couple of years, the corporate sector is going to be the main a