Multilateral Dev’t Banks Mobilised $160 Billion in Private Investment

October 20, 2018//-Multilateral Development Banks (MDBs) and Development Finance Institutions (DFIs) has mobilised more than $160 billion in private investment last year, according to the latest Mobilization of Private Finance by Multilateral Development Banks and Development Finance Institutions 2017  report.

The number—which demonstrates the potential of these organizations in the global efforts to promote inclusive and sustainable growth, fight poverty and inequality, and protect the planet—is one of the findings of a recent report developed by MDBs and led by IFC, it added.

The report dubbed-‘Mobilization of Private Finance by Multilateral Development Banks and Development Finance Institutions 2017’ builds on a 2017 report that used, for the first time, a joint framework and methodology to measure private investment mobilized by these institutions.

The latest report includes the amounts of finance mobilized by European Development Finance Institutions following their adoption of the framework. It also contains breakdowns by countries’ income level and regions, and details on areas of investment.

Highlights include

Total private investment mobilized by MDBs and DFIs in low- and middle-income countries (LMICs) totaled $59 billion in 2017, of which $19 billion was private direct mobilization.

$26.7 billion, or 45 percent of the total private investment mobilized in LMICs, was directed to infrastructure.

IFC accounted for more than 30 percent of all private investment mobilization in LMICs. One fourth of that was private direct mobilization.

African Eye Report

 

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