Year: 2021
Type: book
Abstract: Cascade The Cascade is how the World Bank Group operationalizes its Maximizing Finance for Development approach. To maximize the impact of scarce public resources, the Cascade first seeks to mobilize commercial finance, enabled by upstream reforms where necessary. Where risks remain high, the priority is to apply guarantees and risk-sharing instruments. Official and public resources are applied only where market solutions are not possible through sector reform and risk mitigation. (Described in Forward Look: A Vision for the World Bank Group in 2030-Progress and Challenges, World Bank Group 2017.) catalyzation, or catalyzing private capital World Bank Group activities that, in the absence of any active or direct role or cofinancing by the Bank Group, have a role in Maximizing Finance for Development. Examples include International Development Association-issued bonds, the Global Infrastructure Facility, and loans, credits, and technical assistance to improve xvi World Bank Group Approaches to Mobilize Private Capital for Development Overview
DOI: 10.1596/35040
Author: World Bank
Language: English
Subfield: Development
Field: Social Sciences
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4232333151