World Bank may convert infrastructure loans into tradable assets

A game-changer for Sri Lanka's capital market

- BY SANATH NANAYAKKARE

As the global community convened for the World Bank Group's 2025 Spring Meetings under the timely theme "Jobs: The Path to Prosperity," one message stood out: prosperity in the developing world depends not only on physical infrastructure but also on strong financial systems.

Among the influential voices at this year's gathering was Douglas L. Peterson, Special Advisor to S&P Global and a long-standing advocate of resilient market economies.

Drawing from a decade-long tenure as CEO of S&P Global, Peterson delivered key insights that resonate deeply with the challenges and opportunities facing emerging economies such as Sri Lanka.

Peterson stressed that while global capital is abundant, it doesn't move indiscriminately. "It follows signals, namely, data, transparency, regulatory certainty, labour and market stability."

"When investors look to deploy capital in developing markets, they're seeking a solid financial infrastructure," Peterson said. "That includes reliable data, transparent pricing mechanisms, independent credit rating agencies, and clearly defined bankruptcy laws."

These factors may not make headlines, but Peterson underscored their essential role.

"Financial infrastructure enables confidence, and confidence attracts investment," he said.