US will try to stop MDBs securitizing

Sustainable development sanitation clean drinking water from Adobe 230x150
By Jon Hay
10 Jan 2019

Hopes of a thriving new market for securitizations by multilateral development banks hit a hole in the road in December, when the US Treasury said it disapproved of them and would seek to stop them.

David Malpass, under-secretary for the Treasury for international affairs, testified before Congress on December 12, and mentioned that the US would seek, as part of its reform agenda for the MDBs, to “reverse the trend toward complex and expensive derivatives, the securitization of assets, and exposure swaps that ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial