Infrastructure investment, private finance, and institutional investors: Asia from a global perspective

Arbeitspapier

This study evaluates infrastructure investment and finance in Asia from a global perspective. It provides an overview on infrastructure needs and the various sources of private finance, globally and within Asia, and creates a "bigger picture" for the demand and supply of capital for infrastructure by using a simple framework, i.e., percentages of gross domestic product. The picture is expectedly not uniform across Asia, but some interesting features emerge from global comparisons. Overall, the private sector still plays a relatively subdued role. Bank loans dominate private infrastructure finance, and there is much scope for the further development of capital markets. The volumes of listed and unlisted investment instruments, of project finance and of public-private partnerships, are still small in relation to investment needs and well below the global average. However, there are some notable exceptions. Institutional investors are widely seen as a new financing source for infrastructure. There are some distinctive features in Asia, such as the prominence of large pension reserve funds and sovereign wealth funds, and comparatively weak private long-term savings institutions. The current asset allocation to infrastructure by domestic investors is overall very low, and the attractiveness for foreign investors still sub-par. Expectations on the future involvement of investors in this field should be realistic, and there are barriers and risks that need to be worked on. Asian governments can take steps to attract more private capital.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ADBI Working Paper ; No. 555

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors ; Financial Institutions and Services: Government Policy and Regulation ; Capital Budgeting; Fixed Investment and Inventory Studies; Capacity ; National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock ; Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance ; Economic Development: Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
• Thema: infrastructure investment ; project finance ; public-pricate partnerships

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Inderst, Georg
• Ereignis: Veröffentlichung
• (wer): Asian Development Bank Institute (ADBI)
• (wo): Tokyo
• (wann): 2016

Weitere Informationen

• Handle: http://hdl.handle.net/10419/161435
• Letzte Aktualisierung: 10.03.20252025, 11:44 MEZ