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World Bank Group Launches New Global Infrastructure Facility

October 9, 2014

WASHINGTON, October 9, 2014— The heads of some of the world’s largest asset management and private equity firms, pension and insurance funds, and commercial banks are today joining multilateral development institutions and donor nations to work as partners in a new Global Infrastructure Facility (GIF) that has the potential to unlock billions of dollars for infrastructure in the developing world. World Bank Group President Jim Yong Kim said the presence of a broad range of institutional investors at the signing to launch the GIF sent a powerful message, with the most recent data showing that private infrastructure investment in emerging markets and developing economies dropped from US$186 billion in 2012 to $150 billion last year.