CHAPTER 14

Pushing Back or Extending the Frontiers of Development Finance

All the institutional investors in the world combined will soon manage $100 trillion, so you know that not all of them can invest in negative-yielding sovereign debt. There must be solutions for financing sustainable development, and these solutions have to include more than just official development assistance (ODA) or solely the actions of public institutions. Instead, we must go off the beaten path: mobilize all available forces, put the most diverse players in touch with one another, and use the financial system (its tools and institutions) as a catalyst. MDBs, including bilateral institutions like Agence française de développement (AFD, the French Development Agency) ...

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