The Emerging Markets Securitisation Program (EMSP) was launched to tackle one of the toughest challenges in development finance: mobilising private capital at scale in emerging markets. Public resources alone cannot meet the financing gap, and global capital still flows mainly to advanced economies even though approximately 85% of the world’s people live in emerging markets. The Challenge The EMSP was launched to tackle one of the toughest challenges in development...

MOBILIST’s landmark equity investment in a Bayfront securitisation vehicle demonstrated how development finance can unlock institutional capital at scale and support the climate transition. Bayfront’s approach supports deeper liquidity, fosters investor confidence, and enhances the profile of infrastructure debt as an investable asset class in emerging markets.  The Challenge Mobilising private capital for large-scale infrastructure projects in Asia is made more challenging due to limited liquidity and investor familiarity with...

BOAD’s securitisation programme demonstrates how MDBs can innovate within regional regulatory frameworks to mobilise private capital, enhance portfolio quality, and deepen local financial markets. Its hybrid structure offers a scalable model for other issuers seeking rapid execution and broad investor participation in emerging markets. The Challenge The Banque Ouest Africaine de Développement (BOAD) needed to expand its financing capacity for development projects across the West African Economic and Monetary Union....

The African Development Bank’s Room-to-Run (R2R) shows how MDBs can use innovative financial engineering to mobilise private capital, optimise their balance sheets, and scale development impact. It set a precedent for future transactions and contributed to systemic change in how rating agencies assess MDB risk. The Challenge While multilateral development banks (MDBs) are called on to increase their lending, they must also preserve their AAA credit ratings. The African Development...

Scaling4Impact shows that MDBs with well-rated corporate exposures can design securitisations that are both capital-efficient and attractive to private investors. It highlights the evolving sophistication of MDB financial engineering and the need to balance multiple strategic goals in mobilising development finance. The Challenge MDBs often face trade-offs between mobilising private capital and optimising their balance sheets. Structuring transactions that balance cost-effectiveness with capital mobilisation—especially in emerging markets—requires careful calibration of...