From Global Savings Glut to Financing Infrastructure: The Advent of Investment Platforms

Rabah Arezki, Patrick Bolton, Sanjay Peters, Frederic Samama and Joseph Stiglitz

No 2016/018, IMF Working Papers from International Monetary Fund

Abstract: This paper investigates the emerging global landscape for public-private co-investments in infrastructure. The creation of the Asian Infrastructure Investment Bank and other so-called “infrastructure investment platforms” are an attempt to tap into the pool of both public and private long-term savings in order to channel the latter into much needed infrastructure projects. This paper puts these new initiatives into perspective by critically reviewing the literature and experience with public private partnerships in infrastructure. It concludes by identifying the main challenges policy makers and other actors will need to confront going forward and to turn infrastructure into an asset class of its own.

Keywords: WP; development bank; infrastructure investment; EBRD investment process; cost of capital; fund investor; Junker investment plan; private sector; H49; H54; G30; G38; long-term investor; investors in PPPs; deal flow; EBRD equity investment; equity investment; capital base; investment risk; investment boom; Infrastructure; Public investment and public-private partnerships (PPP); Sovereign wealth funds; Stocks; Privatization; Global (search for similar items in EconPapers)
Pages: 47
Date: 2016-02-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

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Working Paper: From Global Savings Glut to Financing Infrastructure: The Advent of Investment Platforms (2015)
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