Last week, the World Bank’s Chief Financial Officer (CFO) Bertrand Badré was in the Netherlands for a roadshow covering banks and institutional investors. Accompanied by Frank Heemskerk, the Netherlands Executive Director, he visited potential creditors in the Netherlands. Part of the mission was to look for the financial firepower of Dutch pension funds that can possibly be leveraged by the World Bank Group.
‘We present to ABP and PGGM what we do’, Badré says. ‘Banking is
not about making money, but about dealing with future risks. Infrastructure, for instance, is an investment category for institutional investors. We are well-placed to finance infrastructure in developing countries and can leverage investment from institutional investors. Banks are cautious. So we have to turn to pension funds, but also the BlackRocks and AXAs of this world. They don’t come to us, so we go to them.’
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