Deep, liquid financial markets are foundational for economic growth and national prosperity. For many countries, a well-functioning financial market means a strong and stable banking sector. But as these nations develop, they will need to provide institutional investors additional outlets for savings and alternative sources of capital for the growing private sector. We will hear success stories and lessons learned from leaders in frontier—and emerging—market countries who have done the hard work to grow and strengthen their domestic capital markets. They will discuss the value of linkages with global capital markets, as well as the importance of regional financial-markets integration. What reforms and initiatives are key for capital markets development? And what pitfalls should other countries avoid as they start the journey?

Moderator
John Schellhase
Associate Director, Milken Institute Center for Financial Markets

Speakers
Hedi Ben Mlouka
CEO and Chief Investment Officer, FIM Partners

Afsaneh Beschloss
Founder and CEO, The Rock Creek Group

Claver Gatete
Minister of Infrastructure, Rwanda

Megan McDonald
Global Head of Investment Banking and Debt Capital Markets, Standard Bank Group

Stephanie von Friedeburg
Chief Operating Officer, International Finance Corporation