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An image of a construction crane in an African city.
April 8, 2021

“Tens of Millions” to “Hundreds of Millions”: Synthetic Credit to Enable Private Funding for Infrastructure in Low-Income Countries

As the Biden administration turns its attention to infrastructure legislation in the United States, it is important to focus on the role investment in infrastructure financing can play in the recovery. This note covers a policy proposal for a credit enhancement instrument, using concessional financing, from development finance institutions to enable low-income countries (LICs) to attract private finance in infrastructure. It is an incremental iteration of the World Bank’s ambitious “billions to trillions” campaign.

W. Gyude Moore
Cover of the report The Principles on Commercial Transparency in Public Contracts
March 7, 2019

The Principles on Commercial Transparency in Public Contracts

Every year, governments worldwide sign contracts worth trillions of dollars. They buy textbooks and fighter planes, hire consultants, commission firms to run railways and build bridges, take out loans and give guarantees, grant mining concessions, and issue licenses to use the public airwaves. Each time, legal documents specify who will pay how much to whom for what.

The Working Group on Commercial Transparency in Public Contracts