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Mariana Mazzucato: Development finance must shift economic logic to meet new challenges

Mariana Mazzucato: Development finance must shift economic logic to meet new challenges
Development finance needs new economic logic

Development finance approaches centered on fixing market failures and filling gaps are not suited for current global challenges, according to Mariana Mazzucato. At the Devex Capital Summit, she discussed with RajKumar why implementing mission-driven ambitions requires a fundamentally different economic logic.

Mazzucato encouraged a rethinking of how development finance is organized to achieve more effective outcomes.

Mazzucato previously prepared for Washington meetings to present a new working paper on a mission-aligned World Bank and National Energy Compacts. The evaluation covered thirty National Energy Compacts, according to the paper. The latest comments build on those earlier assessments of development finance strategies.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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