Stifling cross-border banking hurts developing countries – World Bank

World Bank offers advice on successful cross-border banking

world bank
World Bank headquarters

Post-crisis restrictions on foreign banks are negatively affecting the flow of capital to firms and households in developing countries, a report published by the World Bank has revealed.

Published on November 7, Bankers without borders examines the role international banking plays in supporting economic development.

“Following a decade of increased globalisation, international banking suffered a setback after the global financial crisis,” the report says.

In the years running up to the 2007

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