Knowledge Note

A new piece published by the Brookings Institution notes that, without private finance for development, achievement of the SDGs will not be possible. To mobilize such financing, multilateral development banks need to scale up their expertise in preparing and implementing bankable projects, transfer this expertise to country governments, and adopt a “cascade approach” to funding, through the Maximizing Finance for Development (MFD) approach, introduced by the WBG in March 2017. A new WBG report describes its support to the financing for development agenda, setting forth the institution’s vision, road map, and commitment to the concept, and documenting the evolution of its support since 2015.