NEW ORIENTATION OF WORLD BANK AND OTHER DEVELOPMENT AGENCIES SOUGHT TO STIMULATE PRIVATE SECTOR INVESTMENT From: Info-Prod Research (Middle East) | Date: April 20, 2006 | Copyright 2006 Info-Prod Research (Middle East). Provided by ProQuest LLC. (Hide copyright information) Copyright information

The World Economic Forum's Financing for Development Initiative today issued its final report of recommendations regarding how multilateral development banks and bilateral aid ministries could better leverage their capital to promote development, particularly in the 94 countries classified as middle income by the World Bank. Based on nearly two years of consultations with over 200 public, private, academic and NGO experts, the initiative concludes that the activities of these public institutions should shift over time from issuing direct loans and grants to catalysing greater domestic and ...

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