“Infrastructure investment is key to unlocking economic growth. Emerging markets continue to drive over three quarters of global economic growth and it is critical that the international community, including the IFIs, join efforts to do more and do better to accelerate infrastructure investment in emerging markets. We have an ambitious joint agenda to support infrastructure PPPs across the globe and the level of collaborative MDB work in the sector is unprecedented,” EBRD President Sir Suma Chakrabarti said during EBRD’s The PPP Days 2015 event.
Recently, President Chakrabarti joined the heads of other MDBs (multilateral development banks) and the International Monetary Fund in proposing a new approach to delivering financing for development. In a joint statement issued in April 2015, they said that achieving the new development goals will require “moving from billions to trillions in resource flows” and “that financing from private sources, including capital markets, institutional investors and businesses, will become particularly important.”
The PPP Days 2015 also highlight the importance of knowledge transfer in finding bankable and sustainable solutions to infrastructure challenges across the globe.
“Finding a way to leverage private sector investment through sound, consistent and sustained public sector policies should be a focal point for governments all over. With their unique relationships with emerging market governments, IFIs can and do play an important role and have proved to be willing and able partners,” Thomas Maier, EBRD Managing Director, Infrastructure said.
Photo: OBB
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