The Principle Put into Action
Even if they still have strides to make in their cultural adaptation, development banks have a major role to play to promote a P4C cooperative approach and to help dispel suspicions that the public and private sectors harbor about each other. From my perspective, they must act like true orchestral conductors of global development finance. As I’ve said before, the development of the private sector and the cooperation with these players must become a central point of MDBs’ operational model, with sincere commitment beyond the financing and mobilization of capital.
The Role of Multilateral Development Banks as Engines
MDBs can finance only a fraction of the total cost of a project; the rest comes from mobilizing ...