Publication: Remarks by World Bank Group President David Malpass at the U.S. Treasury’s MDB Governors Roundtable on the Partnership for Global Infrastructure and Investment (PGII) and Private Capital Mobilization
Date
2022-10-18
ISSN
Published
2022-10-18
Author(s)
Malpass, David
Abstract
These remarks were delivered by the
World Bank Group President David Malpass at the U.S.
Treasury’s MDB Governors Roundtable on the Partnership for
Global Infrastructure and Investment (PGII) and Private
Capital Mobilization on October 18, 2022. He mentioned three
of the World Bank activities as follows: (i) First is World
Bank's trust funds and Financial Intermediary Funds,
such as Global Infrastructure Facility and Public-Private
Infrastructure Advisory Facility, which the Bank established
as an Umbrella program to increase their upstream advisory
support; (ii) Second, the World Bank actively use guarantees
to increase capital flows to infrastructure and is working
on ways to catalyze more private capital through appropriate
de-risking instruments; and (iii) Third, World Bank's
work on Quality Infrastructure Investment (QII) is key to
increasing private investment opportunities. He also shared
the following three updates: (i) First, he was pleased to
see that the G20 adopted the Compendium of QII Indicators;
(ii) Second, the World Bank works closely with client
countries and development partners at the upstream level to
improve the enabling environment for the private sector; and
(iii) Third, The World Bank is of course working on new
ideas and he welcomed their engagement here too. He said
that importantly, the World Bank introduced the SCALE trust
fund at last week’s Annual Meetings. He concluded by saying
that he wants to be using the full suite of World Bank, IFC,
and MIGA financing instruments and capabilities to unlock
larger volumes of private finance for quality, sustainable infrastructure.
Citation
“Malpass, David. 2022. Remarks by World Bank Group President David Malpass at the U.S. Treasury’s MDB Governors Roundtable on the Partnership for Global Infrastructure and Investment (PGII) and Private Capital Mobilization. © World Bank, Washington, DC. http://hdl.handle.net/10986/38291 License: CC BY 3.0 IGO.”