The head of the Global Fund to Fight AIDS, Tuberculosis and Malaria has warned that innovative financial instruments and private sector mobilization are only of limited use when it comes to helping the world’s poorest people.
Speaking to Devex ahead of a summit in Paris this week, designed to strike a new pact between wealthy and low-income countries, Peter Sands said that getting multilateral development banks to stimulate private investment in low-income, conflict-affected countries “is not going to really work … because you are not going to get rational private capital investing significant sums in those parts of the world.”