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Blog Post
March 18, 2024
In the field of development finance, the challenge of marshalling private investment in support of development goals is among the most vexing, and one that World Bank President Ajay Banga—a former Mastercard executive—has touted as a top priority. Early in his tenure, Banga convened a group of CEOs ...
Blog Post
March 11, 2024
The African Development Bank has been a prime mover in advancing a new form of capital for the multilateral development banks, called hybrid capital. If there is another item on the MDB reform agenda that is more of a win-win proposition than hybrid capital, we are not aware of it.
Blog Post
March 05, 2024
Brazil kicked off the Finance Track of its term as G20 president on February 28-29 with a clarion call for progressive international economic action. Despite some of the familiar G20 dysfunction, the Brazilian G20 gives me a shred of hope. The Brazilians put forward some big ideas.
Blog Post
February 21, 2024
So: how do donor governments actually use their subsidies to the private sector to support mitigation and development projects around the world? The process usually starts with a private company (the project sponsor) asking a development finance institution (DFI) like the World Bank Group’s Internat...