Blended finance is supposed to let the private sector invest in emerging markets at lower risk. Why hasn't it bloomed?
assault on firms from China, spurred by worries about its citizens’ personal data being passed to the Chinese government, will have put wry smiles on some faces—not least those of activists who for years have used similar arguments to try to stop their governments passing individuals’ financial data to America and other countries. Their legal challenges against transfers of tax-related data have had little success so far.
It is not the only European data-protection body to duck the matter. “It’s perceived as a political issue. They don’t want to rock the boat,” says Filippo Noseda of Mishcon de Reya, the law firm that represents Jenny. The European Commission has also pulled punches.
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