World Bank highlights importance of Development Financial Institutions

For decades, the World Bank Group has worked with DFIs in many countries. World Bank has provided lines of credit, guarantees, and technical assistance programs.

Mara K. Warwick, Country Director for Brunei, Malaysia, Philippines, and Thailand gave her remarks at the Forum on Performance Measurement for Development Financial Institutions.

World Bank Group is convinced that promoting sound and inclusive financial institutions that serve the people and the private sector, in particular, micro, small and medium enterprises, is crucial to achieving our twin goals of reducing poverty and promoting shared prosperity.

For decades, the World Bank Group has worked with DFIs in many countries. World Bank has provided lines of credit, guarantees, and technical assistance programs.

Looking forward, World Bank continues to see DFIs as an important instrument in the global effort to reduce poverty and support economic growth.

As the international community struggles to mobilize additional funds to meet the Sustainable Development Goals by the year 2030, DFIs can be instrumental in narrowing that gap.

DFIs not only finance projects that the private sector is unwilling or unable to finance, they also help to create and develop new market niches, develop innovative schemes to attract and channel private sector resources to large infrastructure projects, build capacity in public and private sector institutions, conceive and structure new investment projects, and facilitate the execution of public-private partnerships.