CEO Jane Fraser Speaks at the 2023 G7 Summit in Hiroshima, Japan
· Jane Fraser, Chief Executive Officer of the Citigroup (United States)
Summary written by Dark Majestic in its own words · topics: payments, digital money and crypto-assets, development and emerging economies
JF · Jane Fraser · Citigroup WikiCEO Jane Fraser Speaks at the 2023 G7 Summit in Hiroshima, JapanContextG7 Summit, Hiroshima (session with G7 leaders on the Partnership for Global Infrastructure and Investment).
Why it mattersCiti's chief urges development banks to attract private capital rather than lend more.
Problems raised- Developing countries have huge unmet infrastructure needs.
- Private capital flows to these markets are only a trickle.
- Projects take too long to get approved and built.
Solutions proposed- Use development bank money to attract private capital rather than simply lending more.
- Align bank capital rules and lower charges on development bank risk cover.
- Pool expertise of banks and development banks, and standardise contracts and permits.
Read full speech on citigroup.com ↗More from Jane Fraser · Citigroup · all speeches
More speeches by Jane Fraser
Other leaders on payments, digital money and crypto-assets
