World Bank attracts $112B in private capital, a 62% increase under Banga’s overhaul

The World Bank Group pulled in roughly $69 billion in private capital during fiscal year 2025, up from $47 billion the year before. That 47% jump in direct mobilization is part of a broader story: when you count all private capital the institution helped enable, the number climbs to about $161.7 billion, with the World Bank’s core lending arms responsible for $100.2 billion of that figure, or about 62%. President Ajay Banga, who took the helm in June 2023, has been methodically retooling the 80-year-old institution into something that looks less like a traditional aid bank and more like a deal-structuring platform for institutional money. The securitization playbook The centerpiece of the new strategy is an “originate-to-distribute” model. Instead of making loans and holding them on the balance sheet forever, the World Bank’s private-sector arm, the International Finance Corporation (IFC), packages those loans into securities and sells them to outside investors. IFC put this into practice with its first-ever collateralized loan obligation (CLO), closing a $510 million deal in September 2025 that bundled loans from 57 borrowers across developing economies. Every dollar the IFC recyc...