World Bank seeks more private cash as yearly needs balloon to US$2.4t

NEW YORK, March 24 — World Bank President David Malpass set out yesterday a new road map for private sector participation in project financing across emerging and developing...

NEW YORK, March 24 — World Bank President David Malpass set out yesterday a new road map for private sector participation in project financing across emerging and developing economies as yearly financing needs balloon to US$2.4 trillion .

Malpass announced his resignation to the World Bank in February and the lender expects to select his replacement by early May. “The product of these analytics will focus on actions that countries need to take for a sound investment climate, competitive markets, and a balanced role of the State in the economy,” said Malpass at an event hosted by the Centre for Strategic and International Studies in Washington.

Lastly, it aims to create a market of investment-grade securities that would attract institutional investors.

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