Private capital should play a role in development finance

By Mariam Meskin
27 Aug 2020

Railing against the inflow of private capital into developing markets is idealistic at best and lethal at worst. Critics should be careful what they wish for.

JP Morgan's Development Finance Institute has stirred divisions in the capital markets, with experts debating whether commercial investment banks should have a place in directing capital into developing markets.

Critics like to use sub-Saharan Africa as an example of the damage that these sorts of inflows might do. There ...

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