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We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth.
While China’s financial sector has deepened rapidly in recent years, privately-owned firms and small and medium enterprises often lack access to equity to finance their expansion.
“Public capital is at times needed to catalyze private investments, for example where public seed capital can help demonstrate new environmental standards or demonstrate high-risk high-reward investments that help create global public goods.
The Fund will be independently managed by a competitively selected fund manager, responsible for all investment decisions.
The World Bank Group, the largest multilateral funder of climate investments in developing countries, has not financed a new coal-fired power plant since 2010 and has no active coal-fired power generation in its pipeline.