Arbeitspapier

Aid and infrastructure financing: Emerging challenges with a focus on Africa

The central argument of this study is that given the magnitude of the investment in infrastructure that is required, especially in Africa, the role of foreign aid in the future should be distinctly different. While aid will be required to continue to fill the 'savings gap' in some small countries and land-locked countries, in most other countries aid can play a very different role in facilitating the creation of institutional mechanisms that help mobilize more funding from other sources. These include domestic revenues (which already fund a large proportion of infrastructure), investments by China and the other 'BRIC', sovereign wealth funds and infrastructure funds. There are already examples of aid playing such a leveraging role. What is needed is to take this to a new and higher level. The study provides an overview of evidence on infrastructure needs and also possible magnitudes of flows from different sources for investment in infrastructure.

ISBN
978-92-9230-519-2
Language
Englisch

Bibliographic citation
Series: WIDER Working Paper ; No. 2012/56

Classification
Wirtschaft
Foreign Aid
Economic History: Financial Markets and Institutions: General, International, or Comparative
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Subject
aid
infrastructure
Africa
finance
funds
private sector
Infrastrukturversorgung
Infrastrukturinvestition
Entwicklungshilfe
Finanzierung
Afrika

Event
Geistige Schöpfung
(who)
Addison, Tony
Anand, P. B.
Event
Veröffentlichung
(who)
The United Nations University World Institute for Development Economics Research (UNU-WIDER)
(where)
Helsinki
(when)
2012

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Addison, Tony
  • Anand, P. B.
  • The United Nations University World Institute for Development Economics Research (UNU-WIDER)

Time of origin

  • 2012

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