By Andrea Shalal

March 23 (Reuters) - The World Bank will publish more of

its proprietary data, including on debt defaults, starting next

week as part of a push to attract more private sector investment

to developing countries, World Bank President Ajay Banga said.

Banga, speaking at the China Development Forum early Sunday,

China time, said the World Bank Group had mobilized $41 billion

of private capital for emerging markets and raised another $42

billion from the private sector for bond issuance last year,

with both totals to be eclipsed this year.

But he said more progress was needed, and the bank was

taking action on a number of fronts to overcome barriers holding

back private sector investment to developing economies.

Economic growth has slowed in developing countries, with

growth falling to barely 4% from 6% in two decades, Banga said,

noting that each lost percentage point dragged 100 million

people into poverty, while debt levels were rising.

Banga noted that developing countries also faced an

"unimaginable" gap between 1.1 billion young people expected to

enter the workforce in the next decade and expected job creation

of just 325 million jobs.

To better understand the issues, the bank convened a focus

group with 15 chief executives of asset management companies,

banks and operators who identified concerns such as regulatory

certainty, political risk insurance and foreign exchange risk,

he said.

The bank last month already announced reforms that will

consolidate its loan and investment guarantee structure and

triple its annual guarantees to $20 billion by 2030.

Starting next week, Banga said, the bank and a consortium of

development institutions would also start publishing private

sector recovery data by county income level, as a step to

inspire investor confidence.

The World Bank would also publish private sector default

data broken down by credit rating, as well as sovereign default

and recovery rate statistics dating back to 1985, he said.

"All this work contributes to one goal: getting more private

sector capital into developing economies to drive impact and

create jobs," Banga said.

The former Mastercard CEO said the bank was also working on

a longer-term effort to build a securitization platform that

will make it easier for pension funds and other institutional

investors to bring their $70 trillion to emerging markets.

Bundling large standardized investments in one package would

encourage meaningful investment at scale, overcoming the current

patchwork of small, bespoke loans that each had their own

documents, risk and pricing, he said.

China's "remarkable journey" in the past five decades was a

testament to what is possible, Banga said, noting China had

created hundreds of millions of jobs, sharply reduced poverty

and cut emissions. Once a major World Bank borrower, China is

now one of the bank's biggest donors, he added.