Renewable Matter # 28 / July-August

Investing With Little Vision

by Ilaria N. Brambilla

The combined worldwide assets of multilateral development banks total around 1,725 billion dollars. Created to support the development of poorer countries, they are all interested in investing in circular economy projects. However, they often lack a strategic plan.

 

To begin with, some clarity: what is a multilateral development bank (MDB)? MDBs are financial institutions founded by one or two countries with the goal of aiding economic development in poorer nations. Unlike traditional commercial banks, the primary aim of MDBs is not to maximise profits for investors, but rather to prioritise development objectives such as the reduction of extreme...

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