Octobre 2025
Banque Mondiale (42 pages).
Global PPI investments rebounded in 2024 after a few years of declining investments and depict variance across regions. In regions like MENA, ECA, and SSA — which are characterized by geopolitical, macroeconomic, and regulatory uncertainties — PPI activity has been heavily supported by Development and Export Finance Institutions (DEFI) involvement. Although overall PPI declined in MENA, nearly all projects in the region (7 out of 8) were backed by DEFIs, underscoring their critical role in mobilizing private capital by mitigating risks in the more challenging investment environments.
In contrast to the overall rebound in LMICs 2024, PPI investment in IDA countries fell to $3.0 billion across 33 projects, down 38 percent from 2023 and 57 percent below the five-year average. Strikingly, 88 percent of projects in IDA countries depended on DEFI support, underscoring the indispensable role played by DEFIs in sustaining investment flows in IDA countries, where private capital remains constrained.
Renewable energy projects continue to dominate PPI investments in the energy sector, but DEFI-backed renewable energy projects fell from 56 percent of all electricity generation
projects in 2019 to just 16 percent in 2024 — reflecting stronger investor confidence in the renewables sector and growing commercial viability. Rather than creating dependency,
DEFIs appear to be enabling greater self-sufficiency in key subsectors. This shift highlights the evolving role of development finance—from primary funders to strategic enabler of sustainable private capital flows.
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