Permission Is the New Compute Bottleneck
FERC dockets, state tariffs, moratoriums and Texas’ audit show permission, not capital or chips, now sets the pace of the AI data center buildout.
Development Finance
Sovereign AI Infrastructure Just Found Its Debt Market
Global AI closed a $441 million debt facility for sovereign data centers. Mubadala is weighing up to $7 billion for a Japanese AI campus. Sovereign compute is being financed like infrastructure now.
How the World Bank Guarantee Engine Actually Works (And What MIGA Centralization Means for EM)
The World Bank is centralizing its guarantee platform around MIGA. Here is what it means for EM sovereign borrowers before the G7 Summit at Evian.
BNDES Eco Invest Brasil: The Deep Tech Pivot
BNDES’s 5th Auction pivots to SAF, green fertilizers, and AI automation. Here is how Brazil’s R blended finance structure works and why it matters for emerging markets.