BlackRock Inc. recently released a new report outlining the potential for major reforms in multilateral development banks (MDBs) to unlock an estimated $4 trillion in investment.
![The report, published by the BlackRock Investment Institute, proposes that MDBs, including the World Bank, should utilize their available capital more effectively. Photo: Getty Images](https://krugmaninsights.com/wp-content/uploads/2023/11/GettyImages-1240905176-2019c06970924623be93d992ecea9734-1024x683.jpg)
This substantial investment could play a crucial role in helping emerging markets address the challenges posed by climate change.