How to expand private investment toward helping low-income countries transition to renewable energy is the inaugural focus of the World Bank’s newly launched Private Sector Investment Lab.
The lab, announced by the World Bank’s new president, Ajay Banga, in June, brings together 15 chief executives, including financiers and asset managers, to identify specific ways — including new financing structures and partnerships — the World Bank can help entice private investors to channel more money into low- and middle-income countries.
The lab, which reports directly to Banga, includes leaders from AXA, BlackRock, HSBC, Macquarie, Mitsubishi UFJ Financial Group, Ninety One, Ping An Group, Royal Philips, Standard Bank, Standard Chartered, Sustainable Energy for All, Tata Sons, Temasek, and Three Cairns Group.
About the author
Sophie Edwards
Sophie Edwards is a Devex Contributing Reporter covering global education, water and sanitation, and innovative financing, along with other topics. She has previously worked for NGOs, and the World Bank, and spent a number of years as a journalist for a regional newspaper in the U.K. She has a master's degree from the Institute of Development Studies and a bachelor's from Cambridge University.
