Markets are concerned that artificial intelligence could push interest rates higher. According to Sina Finance, World Bank President Ajay Banga said Tuesday that capital remains ample, calling it “not really a problem” in an interview on the American Finance Forum program. He said the World Bank mobilized $112 billion last year, about three times the amount recorded three years earlier.

Banga said investors may be wary of circular financing and AI-dependent business models. Emerging markets have not faced the same degree of investment hesitation, he said, because more investment there goes to infrastructure projects such as bridges and roads. Emerging markets are applying AI on a smaller scale, while developed economies are seeking financing for large-scale AI applications, creating “exactly opposite” funding needs.

Banga said the private capital mobilized by the World Bank does not go directly to governments, allowing the institution to avoid some countries’ potential debt-contagion risks and related challenges from fluctuations in U.S. Treasury yields. He said he still believes AI will be transformative and have profit potential, but that the path may be bumpy and no one knows when the next setback will come.

His remarks came as central banks around the world prepared to hold policy meetings. Economists and monetary policymakers are assessing how widespread AI adoption could affect capital demand and labor markets. Founded in 1944, the World Bank aims to eliminate poverty and promote economic prosperity through global cooperation and financial assistance. Before leading the World Bank, Banga was vice chairman of General Atlantic and CEO of Mastercard.