A Global Financing Pact for Poor and Vulnerable Countries?
October 22, 2024
The current debate on the architecture of international financing is bringing the role of the private sector and private financing in development back to the spotlight.
Whichever approach is taken, if we are to meet the challenges of the coming decades, the rate of investment needs to increase. This is particularly the case in poor and fragile countries, which are the focus of everyone’s attention for two reasons: on the one hand, their demographic growth, with its implications for education, health, regional amenities, mobility and the response to social challenges; and on the other, climate change, with in particular the challenge of adaptation. Of course, public investment will be essential. So will public development aid. But private investment must also grow, and so must private financing...
