Private investment flows only where the right conditions exist and where there’s a clear probability of return
New administration wants Washington-based multilateral lender to help the west compete with China and Russia
Deal comes as multilateral lenders urged to use securitisation to make their capital go further
Call comes as continent’s leaders push for $120bn in aid to boost development and battle climate change threat
Money from historic agreement would not be made available before ‘sometime next year’
The new president will need private investors to back his wider list of global goals
Initiatives will involve taking more risk in pivot towards climate change and pandemics
The dire situation on debt has become pressing — urgent action is needed
His appointment is an opportunity for the World Bank to try to take centre stage again
Also in today’s newsletter, tech giants face a clean energy reckoning
Former Mastercard chief executive has spent recent weeks on ‘listening tour’ touting his credentials
The institution must work with the private sector if we are to meet the challenges that lie ahead
Former Mastercard chief sets out credentials to run financial institution on international tour
Major US employers report a dramatic improvement in hiring conditions despite official data
The US pick for the institution’s president will face pressure to overhaul its approach to the environment
Ajay Banga tapped by Joe Biden as institution shifts to greater focus on climate change
Some big names have called on the president to welcome his successor. And he listened. Sort of
Upsides are harder to come by when the company you inherit is already a well-oiled machine
Ajay Banga to step aside at the start of 2021 and move into executive chairman role
Ajay Banga says tech giant’s Libra project morphed: ‘I’m like, this doesn’t sound right’
Credit card company promotes seamless ticketing in cash-dominated market
These are places where today’s 0.1 per cent, the most mobile class in history, might want to live
