International Finance Corporation (IFC) World Bank Group
27 February 2025
Private capital mobilised by multilateral development banks (MDBs) to middle- and low-income countries rose $87.9 billion in 2023, marking a 24% increase from the previous year, according to the most recent report on mobilisation by MDBs and development finance institutions (DFIs). This was the largest increase since MDBs began to report jointly seven years ago.
The report found that mobilisation to lower income countries alone rose 40% to $10.2 billion, an all-time high for mobilising private capital to these countries. Mobilisation to the UN’s category of least developed countries rose an annual 55% to $14.6 billion. This edition also highlights how MDBs are developing new mobilisation products and approaches. In response to these new products, MDBs are reviewing their joint methodology for estimating private capital mobilisation to enhance the rigor, completeness, and transparency of their reporting.
Read the full pdf report below.