Infrastructure finance in developing countries: An overview

Antonio Estache

No 8/2010, EIB Papers from European Investment Bank, Economics Department

Abstract: This study analyzes the main approaches to infrastructure financing in developing countries and their evolution. It places the discussion in the context of the importance of infrastructure investment and maintenance needs to achieve growth and borader social objectives. It summarizes the evidence on the efficiency, equity and fiscal consequences of the main public and private financing options commonly used to achieve these goals in these countries. It shows the limits of the role of the private sector as a source of financing of infrastructure and the wide underestimation of public-sector financing support needed to serve the poorest and ensure that services are offered at prices consistent with their ability to pay. It concludes with forward-looking lessons from roughly 20 years of efforts to diversify the sources of infrastructure finance in developing countries.

Keywords: Infrastructure finance; Poverty; Developing countries (search for similar items in EconPapers)
JEL-codes: H54 H81 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2010-12-17
New Economics Papers: this item is included in nep-cfn, nep-dev, nep-lam and nep-mic
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:eibpap:2010_008

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