SINGAPORE (April 12): Many emerging market (EM) policymakers are still struggling with the hurdles of implementing the changes required to create vibrant and well-performing capital markets, despite understanding how important it is to do so in order to support the real economy.

According to McKinsey & Company, the challenges range from limitations in private sector engagement, to vicious cycles of underdevelopment resulting from a piecemeal approach to deepening capital markets.

In its April 2017 banking & finance report, Deepening capital markets in emerging economies, the global management consulting firm shares a six-step approach on how EMs might carry out a successful transformation.

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