WASHINGTON — Capital markets have multiple ways to influence how financial systems can direct more funding to development: raising capital around certain issues, creating listing requirements, and using their voice to raise issues, which is often underrecognized, said Nicky Newton-King, the CEO at the Johannesburg Stock Exchange.
“In exchange, for instance, we run the capital markets, but the voice that we have in doing that is much more powerful than actually the size of the exchange,” she told Devex.
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Adva Saldinger@AdvaSal
Adva Saldinger is an Associate Editor at Devex, where she covers the intersection of business and international development, as well as U.S. foreign aid policy. From partnerships to trade and social entrepreneurship to impact investing, Adva explores the role the private sector and private capital play in development. A journalist with more than 10 years of experience, she has worked at several newspapers in the U.S. and lived in both Ghana and South Africa.
