Development banks mobilise $175bn of private finance in 2019

Multilateral development banks and development finance institutions have mobilised $175 billion of private finance in 2019, an increase of 9% over the previous year, a report on the activities of 27 institutions finds. 

The reporting MDBs and DFIs mobilised $63.6 billion of private finance in operations in middle- and low-income countries. This figure includes $6.7 billion mobilised for low-income countries, a significant increase of 21% over 2018. The total mobilisation includes $20.1 billion in private direct mobilisation, an increase of 18% over 2018 and a key priority of many MDBs.

These investments support global sustainable development goals by promoting inclusive and sustainable growth, fighting poverty and inequality, mitigating the effects of climate change, or achieving other development impacts.