Devex quotes Eric LeCompte on the New York Taxpayer and International Debt Crises Protection Act (S4747, A2970) and its opposition. Read an excerpt below, and click here for the full story.

Devex Invested: Why IFC's solar program failed to take off in Africa

By Adva Saldinger

The World Bank and its private sector arm, the International Finance Corporation, are under pressure to deliver on projects that address climate change and attract more private capital to the table. The same was true back in 2015, when the “billions to trillions” narrative was at its zenith.

Back then IFC launched its Scaling Solar program in an effort to increase solar power in lower-income countries and use donor dollars to mobilize more private money.

So how has the initiative fared? That’s what I sought to find out as the program has come under scrutiny.

Read here for more.