Banga noted that the World Bank mobilized $112 billion last year, approximately three times the amount recorded three years prior
World Bank President Ajay Banga stated on Tuesday that the availability of capital is "not really an issue," despite concerns that artificial intelligence demand could drive up borrowing costs. Banga noted that the World Bank mobilized $112 billion last year, approximately three times the amount recorded three years prior. He suggested that while investors might be concerned about circular financing and AI-related business models, emerging markets are not facing the same hesitation as their investments focus more on infrastructure and smaller-scale AI applications. Banga affirmed his belief that AI will be transformative and profitable, though he acknowledged potential future challenges.
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