India has cemented its position alongside the United States and Britain as a primary engine for private capital mobilised by the World Bank Group, reflecting the nation's expanding influence in international development financing.
World Bank President Ajay Banga announced India's rising stature during his address at the World Bank Annual Meeting plenary in Bangkok. According to Banga, last year saw capital mobilised from investors across 110 countries, led notably by contributors from the US, the UK, and India.
The broader figures underscore a massive scaling up of resources. Total private capital mobilised tripled from roughly $35 billion in fiscal 2022 to $112 billion last year. Bolstered by the World Bank Group's internal financing, overall development financing surpassed $230 billion.
While the institution experienced robust growth in investment mobilisation—nearly tripling in lower-middle-income countries, quadrupling in upper-middle-income economies, and more than doubling across Africa—low-income nations continued to face headwinds. Private capital mobilisation in the world's poorest economies remained stagnant at around $3 billion, illustrating persistent challenges in steering commercial investment toward low-income regions.