World Bank Mobilizes Record 112 Billion in Private Capital
The World Bank mobilized a record 112 billion dollars in private capital last fiscal year. President Ajay Banga aims to double this figure within three years by targeting institutional investors.
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The World Bank attracted $112 billion in private capital in the year ended June, more than tripling the figure from fiscal 2022 before former MASTERCARD INC - A chief Ajay Banga took office. The record mobilization supports developing economies facing steep capital needs for the energy transition. The bank aims to surpass $200 billion in private funding within three years.
