Posted 10/9/2023, 1:29:00 PM
World Bank Seeks to Expand Loan Guarantees to Boost Financing for Developing Nations
- World Bank is looking at expanding loan guarantees to boost private financing for developing countries
- Emerging economies are struggling to tap markets as global rates rise
- World Bank aims to expand work with private sector through guarantees
- Biggest challenge is financing for climate change initiatives
- World Bank has provided $42B in guarantees over past 20 years, including for sovereign bonds
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