Devex: New report casts doubt on World Bank ‘billions to trillions’ agenda
“The World Bank’s ambitious strategy to use its public finance to unlock trillions in new private capital to deliver the Sustainable Development Goals is ‘completely unrealistic,’ according to a new report. New research from British think tank the Overseas Development Institute, released Wednesday, finds that the multilateral development banks are failing to meet expectations when it comes to catalyzing additional private finance into low-income countries, mobilizing just $0.37 of additional capital for every $1 of public money invested…” (Edwards, 4/11).