Sachs is advocating for a major expansion of official development financing from the World Bank, European Investment Bank, African Development Bank, and Asian Development Bank, which can borrow on terms close to developed governments and lend at low, long-term rates to emerging markets.
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Speaker
Jeffrey SachsEvidence Quote
“i'm suggesting therefore is a major expansion of funds coming from the world bank the european investment bank the african development bank the asian development bank that essentially can borrow on terms very close to what the u.s government or german government or japanese government can borrow at”
Source
Jeffrey Sachs: "We're in a crisis and it will get worse in the coming months."— Prague Finance InstituteCreated: 8/10/2026, 9:58:27 PM
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