It is a strategic framework that outlines how the Global Bank Group ("GBG" or the "Bank Group") and its affiliates will expand its lending and non-lending activities over the next five years to respond to the critical needs for infrastructure financing in developing countries.
The Global Bank Group plans to use its financing strength, risk mitigation activities, knowledge capital, and environmental and social safeguards to help countries expand their infrastructure base and maintain facilities in order to respond to the needs of hundreds of millions of poor people in developing countries. We expect that up to US$45 billion in funding will be mobilized over a five-year period via Global Bank Group financing, Official Development Assistance, and other public and private sources.
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