World Bank to release debt data to bring investors to developing nations

The World Bank, led by President Ajay Banga, announced plans to publish more proprietary data to encourage private investment in developing countries, starting with debt defaults information. At the China Development Forum, Banga highlighted the World Bank’s efforts in mobilising USD83bn from private capital and bond issuances for emerging markets last year, aiming to surpass these figures this year. Despite these efforts, Banga stressed the need for more private sector investment to address the economic slowdown, job creation gap, and increasing debt in developing nations. The bank is set to enhance investor confidence by publishing recovery and default data, and is developing a securitisation platform to attract institutional investors. Banga praised China’s progress as an example of successful development.