The study carried out by the US-based Institute for Energy Economics and Financial Analysis (IEEFA.org) comes as the NDB announces it is ready to offer $2.5bn in financing for 2017, adding to $811m already allocated mostly to renewable energy since its creation.

According to the study, the NDB, in addition to government funds, would be essential to boost private financing, which needs more transparency and detailed data on projects. It also needs to help overcome uncertainty about macroeconomics in less developed debt and capital markets.

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