World Bank to publish more proprietary data, including on debt defaults, to attract private sector investment in developing countries.

The World Bank will publish more proprietary data, including on debt defaults, starting next week as part of a push to attract more private sector investment to developing countries. World Bank President Ajay Banga said this initiative is expected to eclipse the $41 billion of private capital mobilized and $42 billion from the private sector for bond issuance in 2023. Despite this progress, Banga emphasized that more needs to be done to remove barriers hindering private sector investment in developing economies. Economic growth in developing countries has slowed from 6% to 4% over the past two decades, with each lost percentage point resulting in 100 million people falling into poverty.

March 24, 2024
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