Sunil Acharya, Oxfam’s policy and campaigns coordinator for Asia, tells Eco-Business why he thinks the greater use of guarantees to mobilise financing in the private sector is problematic, especially as MDB lending is still at market rates. Globally, the charity is pushing to “decolonise the aid sector” which it says is broken.
The World Bank is set to pay the country up to US$45 million in results-based financing to reduce its land use emissions. But only 72 per cent of the funds are expected to reach the beneficiaries after administrative deductions.