In the April edition of the Asian Bond Monitor (ABM), a publication that reviews East Asian local currency bond markets, the Asian Development Bank (ADB), a multilateral development financial institution, claims securitisation of assets has the potential to support the regions microfinance industry and its numerous microfinance institutions (MFIs). Since the financial crisis, which hit the region and its tiger economies in 1997/98, the securitisation of assets has experienced relatively strong growth; bond markets in the region increased by 32.4% in 2006. On the back of this trend the ADB has launched the new initiative to encourage use of securitisation.
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