International Private Sector Infrastructure C atalysing private investment in infrastructure in atalysing private investment in infrastructure in the poorest developing countries for: the poorest developing countries for: - Economic growth - Economic growth - Better services for the - Better services for the poor poor Gavin McGillivray Head Private Sector Department UK Department for International Development (DFID) 4 May 2011
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International Private Sector Infrastructure
Catalysing private investment in infrastructure in the poorest atalysing private investment in infrastructure in the poorest developing countries for:developing countries for:
- Economic growth - Economic growth - Better services for the poor- Better services for the poor
Gavin McGillivrayHead Private Sector DepartmentUK Department for International Development (DFID)
4 May 2011
Background
In developing countries, especially the poorer ones;
• Hundreds of millions of poor people lack access to decent basic services – electricity, water & sanitation, communications and transport
• Inadequate infrastructure disadvantages private enterprise and puts a severe brake on economic growth
• Governments have nowhere near sufficient resources to extend and upgrade infrastructure to meet the needs of their burgeoning populations
• There are opportunities to catalyse private investment to help meet some of these needs
What prevents private investment in infrastructure?
• Outdated laws, regulations & policies
• Weak government capacity to understand and engage with private investors
• Lack of long-term lending, especially in local currency
• Paucity of well-structured projects to invest in
and, to ensure that privately financed services reach the poor
• Need for clear targeting in design, and
• Well-conceived subsidies
Making infrastructure finance work for poor countries