Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/80915
Authors: 
Addison, Tony
Anand, P. B.
Year of Publication: 
2012
Series/Report no.: 
WIDER Working Paper 2012/56
Abstract: 
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.
Subjects: 
aid
infrastructure
Africa
finance
funds
private sector
JEL: 
F35
L9
N20
O16
ISBN: 
978-92-9230-519-2
Document Type: 
Working Paper

Files in This Item:
File
Size
300.28 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.