Join Nirav Khambhati for a masterclass in development finance with Nachiket Mor, one of India's foremost thinkers on institutional design and capital mobilization. Discover how the Gates Foundation's vaccine guarantees worked without ever being called, why the government's role in blended finance goes far beyond providing capital, and what principles drive institutions that achieve both impact and financial viability. With insights spanning from airline guarantees under UDAN to income-contingent lending for medical education, this episode reveals how smart capital deployment can transform entire sectors.