The World Bank Group mobilised $22bn in private capital for African economies in its 2026 fiscal year, up from approximately $9bn four years earlier, as the institution stepped up efforts to attract private investment into developing markets.
The World Bank Group disclosed this in a statement on Thursday, saying that the increase formed part of a wider expansion in the World Bank Group’s efforts to bring private investors alongside its own financing in developing economies.
“The growth was broad-based. PCM to lower-middle-income countries rose from $14bn in FY22 to $37bn in FY26, nearly tripling. In upper-middle-income countries, it increased from $12bn to $50bn, more than quadrupling.
“In low-income countries, among the most challenging settings for private capital, PCM was maintained at about $3bn. And across Africa, PCM rose from approximately $9bn to $22bn, an increase of nearly 150 per cent,” the lender stated.
Across developing economies, private capital mobilisation more than tripled from $35bn in FY22 to $112bn in FY26. Mobilisation in lower-middle-income countries rose from $14bn to $37bn, while that for upper-middle-income countries increased from $12bn to $50bn over the same period.
