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Trusted Intermediaries Can Channel Concessional Finance For LMIC Green Development
Due to forex and country risks, low and middle-income (LMIC) sovereigns and infrastructure businesses often must pay prohibitively high interest rates on loans or bonds. As a result, the quantity of sustainable infrastructure built in LMICs is far less than is needed to meet the Sustainable Development Goals (SDGs). A UN report estimates the investment gap at $4 trillion a year. To put this in perspective, the World Bank in 2022 made $70.8 billion available to developing countries in the form of credits, loans, and grants. […]