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    The challenge of private equity investment in low-income countries

    After a steady rise in private investment in low- and middle-income countries, over the past several years, the trend is now reversing, putting pressure on IFC and other DFIs to help build the markets and use their tools to make the case to hesitant investors.

    By Adva Saldinger // 14 April 2023

    The boom times may be over for emerging market businesses looking for money. After a steady rise in private investment in low- and middle-income countries, over the past several years, the trend is now reversing.

    That’s especially true when it comes to private equity investments, according to Bill Sonneborn, global director of disruptive technology and funds at the International Finance Corporation, the World Bank’s private sector arm.

    Private investment across Asia, Latin America, Africa, Central, and Eastern Europe, and the Middle East totaled about $208 billion in 2022, a drop of 22%, according to data from the Global Private Capital Association, a membership group of investors across those regions. Although despite the decline, it was still the second-highest amount on record in terms of the amount invested.

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    About the author

    • Adva Saldinger

      Adva Saldinger@AdvaSal

      Adva Saldinger is a Senior Reporter at Devex where she covers development finance, as well as U.S. foreign aid policy. Adva explores the role the private sector and private capital play in development and authors the weekly Devex Invested newsletter bringing the latest news on the role of business and finance in addressing global challenges. A journalist with more than 10 years of experience, she has worked at several newspapers in the U.S. and lived in both Ghana and South Africa.

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