Infrastructure requirements were huge and likely to rise to around USD 500 billion a year just in the 36 countries where the EBRD works. But, this huge agenda simply cannot be achieved without the strong participation of the private sector, EBRD President Sir Suma Chakrabarti said, during EBRD Annual Meeting- Infrastructure Development.
The private sector will have to play a significant role in financing the infrastructure that is needed to lead the global economy back to a path of sustained growth. “Lifting infrastructure investments is a multipart task which involves collective and coherent action by all stakeholders,” said Cavit Dağdaş Undersecretary of the Turkish Treasury, who co-hosted the conference.
Turkey currently holds the presidency of the G20 countries and has placed a very high priority during its term in helping to close the global infrastructure gap.
In response, the Turkish G20 Presidency was focussing on mobilising long-term private finance sources and also emphasising the importance of diversifying the sources of finance to fund infrastructure development.
This involved deepening capital markets and developing equity markets and local currency bond sectors.
The conference also focussed on the importance of infrastructure investments in helping to promote ”green” growth, including driving forward technological developments in energy efficiency and energy security.
Photo: ©AlpTransit Gotthard AG
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