Article originally published here
Long-term finance is essential for households, firms and sustainable development.
WASHINGTON, September 14, 2015—A shortage of long-term financing since the 2008 crisis is choking the investment-backed growth of companies in developing countries and hampering the ability of credit-worthy families to borrow for education and housing needs and escape poverty, a new World Bank report warned today.
According to the new report: ‘Global Financial Development Report 2015-2016: Long-term Financing,’ extending the maturity structure of finance is considered to be at the core of sustainable financial development. ( Full report available: www.worldbank.org/financialdevelopment )
Netherlands for the World Bank 