Work

Trends and Challenges in Infrastructure Investment in Developing Countries

Year: 2018

Type: article

Abstract: This paper examines trends in infrastructure investment and financing in low-income developing countries (LIDCs). Following an acceleration of public investment over the last 15 years, the stock of infrastructure assets increased in LIDCs, even though large gaps remain compared to emerging markets. Infrastructure in LIDCs is largely provided by the public sector; private participation is mostly channelled through Public-Private Partnerships. Grants and concessional loans are an essential source of infrastructure funding in LIDCs, while the complementary role of bank lending is still limited to a few countries. Bridging infrastructure gaps would require a broad set of actions to improve the efficiency of public spending, mobilise domestic resources and support from development partners, and crowding in private investment.

Source: International development policy/Revue internationale de politique de développement

DOI: 10.4000/poldev.2802

Authors: Daniel Gurara, Vladimir Klyuev, Nkunde Mwase, Andrea F. Presbitero

Institutions: International Monetary Fund, Addis Ababa University, Marche Polytechnic University, World Bank, Inter-American Development Bank

Language: French

Topic: Fiscal Policy and Economic Growth

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Partnerships for the goals

Open Access status: diamond

OpenAlex ID: W2903476933

FWCI: 9.851

Cites: 53

Cited by: 67

Related to: 10