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Daniela Gabor @DanielaGabor
, 5 tweets, 1 min read Read on Twitter
at Rome 3- day seminar on Maximising Finance for Development agenda of the World Bank & G20 w @ma_jose_romero @NanAlexanderHBS
key message: official development assistance dwindling, so let's attract USD 70 trillion institutional investors to achieve development outcomes
how? by re-engineering LDC financial systems around securities markets, and creating asset classes out of infrastructure, education, agribusiness.
three global initiatives converge around promoting greater financial globalisation
paradox? 10 years after Lehman, global efforts focused on encouraging the two systemic shadow markets: securitisation (key to multilateral development banks) and repos (plumbing securities markets)
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