WORLD Bank Group’s private sector arm International Finance Corp. will be placing its focus on partnerships for green, resilient and inclusive recovery in the region.
Puliti emphasized the need for more private sector investment, given the limited fiscal space of countries in the region. This is especially in view of the economic and geopolitical risks identified by the World Bank’s recent “Global Economic Prospects” report. “With the right policies in place to attract and incentivize new investment, countries can leverage private sector financing to help meet their large unmet investment needs,” he added.PULITI most recently served as the Vice President for Infrastructure at the World Bank, leading the Bank’s global efforts to build effective infrastructure in developing and emerging markets.
“The reality is investment growth in emerging markets and developing economies in Asia and the Pacific – as in the rest of the world – remains below the average rate of the last two decades. That must be turned around as history tells us strong investment growth delivers dividends,” Puliti said.
Source: News Formal (newsformal.com)
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