World Bank adds Bayer, Hyatt and other CEOs to private sector initiative

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World Bank adds Bayer, Hyatt and other CEOs to private sector initiative

//business-finance.news-articles.net/content/202 .. and-other-ceos-to-private-sector-initiative.html

Published in Business and Finance on Wednesday, April 23rd 2025 at 13:20 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The World Bank on Wednesday added four top executives, including Bayer AG CEO Bill Anderson and Hyatt Hotels CEO Mark Hoplamazian, to an initiative working to address barriers to private sector investment in developing countries.

The World Bank has enlisted the CEOs of Bayer, Hyatt, and other companies to join its Private Sector Investment Lab, aimed at mobilizing private capital to address global challenges like climate change and poverty. Launched in June 2023, the initiative now includes CEOs from 15 major firms, including asset managers BlackRock and AXA, to develop financial tools that can attract private investment into emerging markets. The lab's first project focuses on creating a platform to de-risk investments in sustainable energy projects in these regions, with the goal of scaling up to $11 billion in investments. The World Bank's president, Ajay Banga, emphasized the importance of private sector involvement in achieving the bank's mission, highlighting the need for innovative financial mechanisms to bridge the investment gap in developing countries.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/world-bank-adds-bayer-hyatt-other-ceos-private-sector-initiative-2025-04-23/ ]

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