United States, July 15 -- The World Bank Group institutions (IBRD, IDA and IFC) and the International Swaps and Derivatives Association, Inc. (ISDA) today signed a Memorandum of Understanding (MoU) to deepen cooperation in improving access to international derivatives markets as part of efforts to strengthen domestic capital markets across emerging markets and developing economies.The memorandum formalizes a shared focus on helping developing countries build the financial infrastructure needed to manage risk, attract investment, and finance sustainable growth.Well-functioning derivatives markets are essential for developing countries to hedge against currency and interest rate risks, access local currency financing, and integrate more effec...