A new report released by multilateral development banks and development finance institutions, including the European Investment Bank European Investment Bank, shows that global private finance mobilization reached record levels in 2024.
According to the report, total private capital mobilized by MDBs and DFIs rose to $278.5 billion across all income groups, marking a 27% increase compared to 2023. The data highlights the growing role of public development institutions in attracting private investment into projects aligned with global development priorities.
In middle-income and low-income countries, mobilization attributed to MDBs and DFIs reached $108.7 billion, the highest level on record and a 31% increase year over year. This reflects a stronger focus on directing capital toward emerging markets and development-focused investments.
The report emphasizes that these institutions are increasingly central to financing progress toward the United Nations Sustainable Development Goals as the 2030 deadline approaches. It also notes improvements in data transparency, including a more detailed breakdown of financial instruments and sectors for the first time.
Banking and business services accounted for the largest share of mobilized finance, while debt instruments represented the most significant financing structure. Both categories made up around 40% of total mobilization in lower- and middle-income countries.
The findings underscore the expanding role of MDBs in leveraging private capital at scale, while ongoing updates to reporting methodologies are expected to further refine how global development finance is measured in future years.
