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The World Bank Group mobilized a record US$112 billion in private capital in fiscal year 2026, more than tripling the amount recorded four years earlier, as it ramps up efforts to channel private investment into developing economies.
The Group said in a statement on Friday that private capital mobilization (PCM) rose from US$35 billion in fiscal 2022 to US$112 billion in fiscal 2026, the highest level in its history.
Combined with the Group’s own financing, the mobilization brought total financing and capital mobilization in developing economies to more than US$200 billion in FY26.
The growth was broad-based, with private capital mobilized in lower-middle-income countries rising from US$14 billion in FY22 to US$37 billion in FY26, while mobilization in upper-middle-income countries increased from US$12 billion to US$50 billion.
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In low-income countries, which remain among the most challenging environments for attracting private investment, private capital mobilization was maintained at about US$3 billion.
Across Africa, PCM increased from approximately US$9 billion in FY22 to US$22 billion in FY26, an increase of nearly 150%.
The Group also issued more than US$25 billion in guarantees during the period under review, exceeding its goal of US$20 billion in annual guarantee issuance by 2030, four years ahead of schedule.
The growth was led by the World Bank Group Guarantee Platform, established in 2024 to provide clients and investors with a single point of access to guarantee products from across the institution.
World Bank Group President Ajay Banga said the increase reflected changes in how the institution works with the private sector.
“Three years ago, our shareholders and clients were clear: utilize World Bank Group financing and knowledge to mobilize more private capital and become a better partner to the private sector,” Banga said.
“We changed how we work to do that—faster, simpler, and as one World Bank Group.”
Banga said the US$112 billion mobilized in FY26 was significant, but that the focus should remain on directing capital towards areas that could create economic opportunities and jobs.
“The number only matters if the capital goes where it can create opportunity and jobs,” he said.
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