Finance

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Tackling today’s societal challenges, from Covid-19 recovery and climate change to improving public health and adjusting to demographic changes, requires steering investments towards achieving concrete public purpose goals. This needs not just any type of finance but patient, long-term, and transformative public finance. Professor Mazzucato is working closely with state investment banks, multilateral development banks (MDBs), investment funds, central banks, sovereign wealth funds, community wealth funds, and public financial authorities from around the world to transform their activities based on new theoretical and evidence-based insights into public purpose, financing of innovation and mission-oriented finance. She has helped set up a new public bank in Scotland, advised the EIB on new governance structures, and is working with the United Nations on the role of MDBs in the SDG stimulus.