The Brookings Institution is advocating for better methodologies to use public resources to “mobilize” private finance

The Brookings Institution, a banking and corporate-dominated think tank in Washington, DC, is advocating for better methodologies to use public resources to “mobilize” private finance for international development. “Already approved by the [U.S.] House and pending before the Senate is legislation to create a new U.S. development finance institution—the Better Utilization of Investments Leading to Development (BUILD) Act of 2018. At its core, the BUILD Act will combine OPIC and some development finance work at USAID and add new authorities and higher contingent liability to allow the U.S. to more effectively tap into private resources to further U.S. development goals.”