World Bank President David Malpass set out on Thursday a new road map for private sector participation in project financing across emerging and developing economies as yearly financing needs balloon to $2.4 trillion.
Asian shares were lower on Friday as lingering banking stability concerns gripped Wall Street, while bonds bet the recent slew of rate hikes by central banks will be among the last of the cycle, allowing for policy relief later in the year.
Oil prices fell on Friday, extending the previous day's losses, on worries about potential oversupply after U.S. Energy Secretary Jennifer Granholm said refilling the country's Strategic Petroleum Reserve (SPR) may take several years.
The dollar was steady on Friday near seven-week lows as nervousness over the banking system kept investors skittish and traders absorbed the Federal Reserve's hints of a pause to interest rate hikes.
The Federal Reserve raised interest rates by 0.25% on Wednesday, and maintained its forecast for one more hike this year, but Fed chair Jerome Powell firmly dismissed market bets for a rate cut later this year even as a wobble in the banking sector is expected to tighten credit conditions and help cool inflation.