International Finance Corporation reveals capital market plans: Credit interview

Nina Shapiro, vice-president and treasurer, IFC

The effects of the financial crisis on the developing world were profound. As recession took hold and unemployment rose, millions were plunged into extreme poverty. The World Bank estimates that by the end of 2010, 64 million more people will be living on less than $1.25 a day than would have been the case had the crisis not occurred.

From 2003–2007, developing countries benefited from the liquidity boom in high-income countries. On average, investment rates in developing economies saw a 30%