28/09/2026
The World Bank Group mobilized more private capital in fiscal year 2026 than in any year in its history and issued a record volume of guarantees, delivering on a goal shareholders and clients have pressed for years: putting more private capital to work alongside its own financing and expertise in developing economies.
Private capital mobilized by the World Bank Group has more than tripled over the past four years, rising from $35 billion in FY22 to $112 billion in FY26. Combined with the Group’s own financing, that brought total financing and mobilization in developing economies to well over $200 billion in FY26.
The growth was broad-based. PCM to lower-middle-income countries rose from $14 billion in FY22 to $37 billion in FY26—nearly tripling. In upper-middle-income countries, it increased from $12 billion to $50 billion—more than quadrupling. In low-income countries, among the most challenging settings for private capital, PCM was maintained at about $3 billion. And across Africa, PCM rose from approximately $9 billion to $22 billion, an increase of nearly 150 percent.
The results reflect three years of changes across the World Bank Group to work more effectively with the private sector: becoming faster and simpler, bringing the public and private sides of the institution closer together, and expanding the tools available to investors. We brought the World Bank Group together in each country, with a single point of contact across our public and private sector work, and began developing integrated strategies for each country based on its needs and development priorities.
The Private Sector Investment Lab complimented that effort, helping to identify the practical barriers holding back investment in developing economies and developed a work plan to address them. The World Bank Group has pursued that agenda across the institution: improving the business and regulatory environment, expanding guarantees and local-currency financing, addressing foreign-exchange challenges, increasing equity tools, and advancing new ways for institutional investors to participate at scale.
The Group issued more than $25 billion in guarantees, surpassing its goal of $20 billion in annual issuance by 2030 four years ahead of schedule. This growth was led by the World Bank Group Guarantee Platform. Created in 2024, the Platform gives clients and investors a single, simpler point of access to guarantee products from across the institution.
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