More Credit with Fewer Crises: Responsibly Meeting the World’s Growing Demand for Credit, A World Economic Forum Report in collaboration with McKinsey & Company: “To support economic development, global credit levels must grow substantially over the next decade. At the same time, public and private decision-makers must avoid a repeat of the credit excesses that recently brought the world financial system to its knees. Can the world’s growing demand for credit be met responsibly, sustainably – and with fewer crises? The answer, this report shows, is “yes”. But to achieve this goal, financial institutions, regulators, and policy-makers need more robust indicators of unsustainable lending, contagion risk, and credit shortages – and better mechanisms to ensure credit drives development. The report is intended as a contribution to building that toolkit. It has four parts:

• 1. Feast and Famine: The Uneven Rise of Credit
• 2. Criteria and Metrics for Sustainable Credit
• 3. Making Sustainable Credit a Reality: Challenges Ahead
• 4. Recommendations for Decision-Makers”