Mobilising Private Capital Through Partnership: Insights from IFC's Kruskaia Sierra-Escalante

In this interview, Kruskaia shares why collaboration between multilateral development banks, insurers and the private sector will be critical to closing the development finance gap and scaling investment where it is needed most. She also discusses IFC's award-winning Emerging Markets Securitization (EMSP) programme and what its recent recognition means for the future of capital mobilisation. Highlights from the conversation include:

• Kruskaia reflects on the value of bringing together public and private sector leaders in Prague, describing the event as a catalyst for meaningful conversations and new partnerships.
• She explains why mobilising private capital remains one of the defining priorities for development finance, emphasising that partnerships—not individual institutions—will be the key to delivering greater impact and creating jobs in emerging markets.
• Ahead of her panel on risk architecture, she discusses how innovation with the insurance and reinsurance markets is helping multilateral development banks develop new approaches to risk sharing and capital mobilisation.
• Kruskaia celebrates IFC Emerging Markets Securitization 2025-1 receiving the  Uxolo Pathfinder Award for Fundraising, highlighting the programme as a pioneering example of how institutional private capital can be channelled into emerging markets at scale.
• Looking ahead, she shares her optimism for continued innovation across the development finance ecosystem, with stronger collaboration between public and private sector partners unlocking greater investment and sustainable economic growth.

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