East Asia saw greater domestic bond issuance during the crisis, in contrast with lower international bond issuance and a reduction in the amount of syndicated loan origination (Chart 3). This result tells us how important it is to develop domestic bond markets to make the Asian financial system more robust.
Another type of partnership that has been announced recently involves alternative online lenders and Community Development Financial Institutions (CDFIs) that seek to provide loans to low-income and underserved borrowers and neighborhoods. These partnerships may enable the CDFI to use the online lender’s technology platform at no cost or for a reduced cost in order to make underwriting decisions faster and more cost effective.