Attracting international private finance for African infrastructure

Paul Collier
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Paul Collier: Oxford University, United Kingdom Centre for the Study of African Economies, Oxford University, United Kingdom International Growth Centre

Journal of African Trade, 2014, vol. 1, issue 1, 37-44

Abstract: Abstract Africa’s trade is impeded by poor infrastructure. Inadequate transport infrastructure raises costs analogous to trade barriers, while inadequate power discourages investment. Yet Africa’s infrastructure needs greatly exceed its capacity to finance them. There is therefore a need, and an opportunity, for substantial foreign private finance. However, to date, while private finance routinely finances infrastructure elsewhere in the world, in Africa it has been very limited. This article sets out the chain of impediments to scaling up private finance and suggests ways of addressing them.

Keywords: International; Private; Finance; African; Infrastructure (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1016/j.joat.2014.09.002

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