World Bank Group Plans Major Business Guarantee Overhaul ...Middle East

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World Bank Group Plans Major Business Guarantee Overhaul
source : Bloomberg News Today ( Middle East ) () 31
Reforms aim to deliver simplicity and access, supported by CEOs and G20 Expert Group WASHINGTON, February 28, 2024 – The World Bank Group today announced a major overhaul to its guarantee business that will deliver simplicity, improved access, and faster execution through a new, convenient marketplace. The new reforms are critical to achieving the goal of tripling annual guarantee issuance to $20 billion by 2030. The Private Sector Investment Lab, launched by the World Bank Group in June 2023, was created to identify barriers and potential solutions to renewable energy investment. Political risk insurance emerged as a key area of interest among the group, which also raised issues with acce

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