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Trends and Challenges in Infrastructure Investment in Low-Income Developing Countries
Author:
Daniel Gurara null

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,
Mr. Vladimir Klyuev
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Miss Nkunde Mwase
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Mr. Andrea F Presbitero
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https://orcid.org/0000-0003-4622-941X
, and
Mr. Geoffrey J Bannister
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Series:
IMF Working Papers
Volume/Issue:
Volume 2017: Issue 233
Language:
English
Publication Date:
07 Nov 2017
DOI:
https://doi.org/10.5089/9781484324837.001
ISBN:
9781484324837
ISSN:
1018-5941
Pages:
31
Keywords:
WP; investment; infrastructure investment; emerging market; financing; GDP; Infrastructure; Public Investment; Public-Private Partnerships; Developing Countries; investment efficiency; management institution; saving-investment balance; investment project; Public investment and public-private partnerships (PPP); Transportation; Emerging and frontier financial markets; Project loans; Sub-Saharan Africa; Africa; Global; appendix I. public investment scaling-up; public investment in LIDCs; public investment in infrastructure; Public investment spending
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper examines trends in infrastructure investment and its 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 channeled 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, mobilize domestic resources and support from development partners, and crowd in the private sector.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund