Catch up on our event discussing our recommendations to strengthen mobilisation measurement and disclosure, and the challenges that need to be resolved in order to make and track more mobilisation progress.
Ahead of next week’s World Bank Annual Meetings, Sally Paxton discusses the critical role of development banks in mobilising private capital to meet global development goals, and why we still don’t understand what is working. She presents new recommendations from Publish What You Fund to fill the current knowledge gap by improving the measurement and disclosure of private capital mobilisation, and stresses why action is urgently needed.
This event, co-hosted with CGD, marked the launch of our new proposed approach for measuring and disclosing private capital mobilisation. Key public and private stakeholders discussed the importance of mobilising more private capital in emerging markets and developing economies, how MDB approaches need to evolve, and the best ways to disclose, assess, and report on their performance.
With growing calls for both more and better targeted development finance to address rising global needs, private capital mobilisation (PCM) provides an essential part of the solution. For development finance institutions to reach the required scale, accurate measurement and disclosure of PCM data is necessary, so that DFIs and their stakeholders can better identify the most effective mechanisms for increasing the flow of private capital to emerging and developing economies. Gary Forster and Nancy Lee examine why Publish What You Fund is proposing a new method for better measurement and more disaggregated disclosure of mobilisation.
the recent report of the G20 Independent Expert Group (IEG) offers a blueprint for how multilateral development banks (MDBs) can be scaled effectively to increase lending to emerging and developing economies. Paul James looks into the mobilisation of private finance targets in the IEG report, and outlines three changes that are needed if we are to better understand mobilisation and ultimately drive changes that will result in its growth.
The mobilisation of private finance for development outcomes was a central part of the discussions during the recent Paris summit, with more emphasis placed on the need to mobilise “at scale”. However, without improved measurement and increased transparency, it will be impossible to tell whether or not these new commitments deliver on their promises.
