Banking on Alternatives
We don’t need to rely on private banks to finance the sustainable and equal future we want.
PUBLIC FINANCIAL INSTITUTIONS
Public banks, multilateral banks, pension and sovereign funds, and central banks
Public financial institutions have $73.8 trillion in assets
Public Financial Institutions: Numbers and Assets, 2017–18
Sources: Orbis 2018; OMFIF 2017
Why are public banks usually better than private banks?
Directs finance to areas that need it
Builds the non-financial sector, by filling gaps in private funding
Promotes economic stability
Improves financial standards to support social, environmental, or human rights
Sources: Orbis 2018; OMFIF 2017