Tokyo, Japan, August 22, 2011—IFC, a member of the World Bank Group, and the Tokyo Stock Exchange Group Inc. (TSE Group) have signed a Memorandum of Understanding to cooperate in developing capital markets in emerging economies, helping protect investors through better corporate governance, ensure fair markets, and spur economic growth. The MOU was signed by Hideaki Suzuki, Director of the IFC Tokyo Office, and Koichiro Miyahara, Senior Executive Officer of TSE Group.
IFC and TSE Group aim to improve the operation and regulatory framework of these markets by sharing knowledge and expertise in developing information technology infrastructure and implementing corporate governance codes for listed companies.
“Strong corporate governance standards and market infrastructure contribute to raising companies’ performance and investors’ confidence, helping to bring much-needed capital for growth,” said Rachel Kyte, IFC Vice President for Business Advisory Services. “IFC has more than a decade of experience implementing corporate governance projects. We welcome this new partnership with the TSE Group to harness our combined expertise in building capacity and developing infrastructure for emerging capital markets.”