LEGAL FRAMEWORKS FOR BLENDED FINANCE IN EMERGING MARKETS: HARMONISING PRIVATE INCENTIVES WITH PUBLIC MANDATES
By John-Kennedy Igbozurike Abstract Emerging economies face widening development-financing gaps amid constrained public revenues and rising debt burdens. In 2024, debt servicing absorbed over 70% of Nigeria’s federal revenue, sharply limiting fiscal space for infrastructure, health, education, and climate objectives. This paper examines how legal and regulatory frameworks can mobilise private capital while guaranteeing public […]