IFC boss on the institution's role in Jim Kim's new vision for development finance

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Devex

The International Finance Corporation will be a key partner in carrying out World Bank President Jim Kim’s new strategy to redefine development finance as a vehicle to mobilize the private sector and access trillions in untapped funds, the IFC chief told Devex. Kim has outlined an ambitious plan to move the bank away from its traditional lending and project finance role, to become instead an “honest broker” that can leverage and move trillions of dollars in private capital into fragile and emerging economies, a common refrain in recent weeks and at the World Bank Group’s Spring meetings, which wrapped up on Saturday. Please click here to continue reading this article.