World Bank boosts private capital mobilization to record $112 billion

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The World Bank on Thursday said it attracted $112 billion in private capital in the year ended June versus $69 billion a year earlier, and more than triple the amount in fiscal 2022.

The bank said the record figure committed for projects it facilitates is in addition ‌to the $123 billion from its own resources for that year, for a combined $235 billion.

It is working to standardize and package loans, with the aim of more than doubling private capital to over $200 billion within two to three years, World Bank President Ajay Banga said in an interview.

Source(s): Reuters

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