World Bank to share more data to attract private investors to developing countries

March 24, 2024

The World Bank will publish more of its 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. But he said more progress was needed, and the bank was taking action on a number of fronts to overcome barriers holding back private sector investment to developing economies. The World Bank would also publish private sector default data broken down by credit rating, as well as sovereign default and recovery rate statistics dating back to 1985, he said. "All this work contributes to one goal: getting more private sector capital into developing economies to drive impact and create jobs," Banga said. Once a major World Bank borrower, China is now one of the bank's biggest donors, he added.

The source of this news is from Tuoi Tre News

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