The Development Problem in the Global South

The development problem now is, how do we create investible assets for institutional investors? So this is where the worse ci consenses is very powerful. It is also a political project to change the nature of the state in in the global south countries. If you want to get developed, you have to generate her and that already kind of extends the logic of privatization into washington consensus. We don't have the same momentum behind this financial capital as five years ago. And maybe its because they will talk about bankable investment instead of risking money.