Publish What You Fund, a global campaign for aid transparency, has published a draft proposal outlining a new approach for boosting private capital mobilization (PCM) for emerging market and developing economies (EMDEs).
According to an executive summary of the draft proposal, there is a desire for more resources for multilateral development banks (MDBs) and development finance institutions (DFIs) to help address global challenges. At the same time, there have been strong calls for reform of these development banks, including efforts to increase the ways in which DFIs can significantly mobilize the private sector, as well as to manage their assets and accounts to free up more capital for investments in development.
According to Publish What You Fund, one of the most urgent calls has been to increase PCM to close
