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Makhtar Diop: Private capital essential for development in emerging markets
Makhtar Diop highlights the importance of private capital in addressing development needs across emerging markets.
He points to the World Bank Group's new London Financial Solutions Hub as a significant initiative aimed at strengthening partnerships within the U.K. financial ecosystem and helping to scale investment in high-impact sectors in developing economies.
Diop has previously announced IFC's launch of the first Trade Finance Synthetic Securitization to increase private capital for emerging markets. He also detailed a framework agreement between IFC and Access Bank for up to $500 million in local currency financing for African MSMEs and projects. These initiatives add to the World Bank Group’s efforts to mobilize investment in priority sectors.
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