A Merchant Bank: A Facility for Private Sector Investment for Economic Development Addressing Global

The Chumir Foundation for Ethics in Leadership convened the World Commission on Forced Displacement to, as a central part of its overall mission of making recommendations to ameliorate the conditions, assess methods and mechanisms to optimize the application of private sector resources to investment in the challenging conditions for commercial activity in the locations of greatest need. [...] At the same time, it should be noted that the need addressed – the attraction of private sector commercial participation in activity and investment in challenging environments characteristic of lower income locations – is equally applicable to the service of other social goals such as the Sustainable Development Goals (SDGs), or the development of clean energy in the developing world where investm. [...] What follows is an analysis of the need, conditions and elements required for commercial investment in the targeted locations; the case for a public sector role to provide missing capacities; some specification of the functionalities envisaged for the Merchant Bank; the characteristics or culture and motivations called for in such a vehicle; and the principal design parameters of the proposed new. [...] Finally, the results highlight that a large share of the amounts mobilized went to the banking (33%), energy (25%) and industry (14%) sectors, and 26% of the total contributed to combating climate change.” Private sector capital evidences a disinclination to invest in the most challenging of the developing economies (only 7% of invest- ment in developing countries went to less developed countries. [...] others) to ‘do the deals’; Ȇ a professional organization that is responsible for ensuring the arrangement of all elements – and selection of participants where needed - for commercial viability of identified ventures; Ȇ structure that separates the public interest and commercial decision-making to avoid conflicts of interest – the public interest can join the commercial venture; the commercial par.