Attracting international private finance for African infrastructure ¬リニ
نویسنده
چکیده
Africa's trade is impeded by poor infrastructure. Inadequate transport infrastructure raises costs analogous to trade barriers, while inadequate power discourages investment. Yet Africa's infrastructure needs greatly exceed its capacity to finance them. There is therefore a need, and an opportunity, for substantial foreign private finance. However, to date, while private finance routinely finances infrastructure elsewhere in the world, in Africa it has been very limited. This article sets out the chain of impediments to scaling up private finance and suggests ways of addressing them. © 2014 Afreximbank. Production and hosting by Elsevier B.V. All rights reserved.
منابع مشابه
Private Sector Participation in African Infrastructure: Is It worth the Risk?
Policies to promote privatisation in developing-country infrastructure gained momentum in the early 1990s as donors grew increasingly frustrated with efforts to strengthen public sector services that continued to fail. The strategy was intended to bring both finance and efficiency to ailing infrastructure throughout the developing world. Nearly two decades later the results have been disappoint...
متن کاملProducing satisfactory outcomes in the implementation phase of PPP infrastructure projects: A fuzzy set qualitative comparative analysis of 27 road constructions in the Netherlands ¬リニ¬リニ¬リニ
An understudied aspect for the successful completion of PPP infrastructure projects is the extent to which they are satisfactorily implemented. Studying PPP implementation is important though, because well-planned projects can fail if project implementation is inadequately managed. This article aims to find out which management and public–private cooperation approaches produce satisfaction for ...
متن کاملDevelopment Bank of South Africa (DBSA) Development Report 2003: Finance for Development: Enhancing the role of private finance Contribution from Oliver Morrissey PRIVATE CAPITAL FLOWS TO SUB-SAHARAN AFRICA
This paper reports on trends and levels of capital inflows, and the volatility of such inflows, to a sample of 26 sub-Saharan African (SSA) countries over the period from 1970 to 1997. The data cover FDI and other private flows, debt flows for an aggregate comparison, and official development finance as the principal form of official inflows. For each type of inflow to each country, three alter...
متن کاملPrivate Opportunity, Public Benefit?
The newly elected Labour government has pledged to ‘reinvigorate the Private Finance Initiative’, as part of the new emphasis on ‘public/private partnerships’ in the delivery of core public services. This article assesses the merits of using private finance to deliver public services against three criteria: whether it will lead to additional investment in social infrastructure, whether it repre...
متن کاملA zebra or a painted horse? Are hospital PPPs infrastructure partnerships with stripes or a separate species?
Public Private Partnerships (PPP) have been common in infrastructure for many years and are increasingly being considered as a means to finance, build, and manage hospitals. However, the growth of hospital PPPs in the past two decades has led to confusion about what sorts of contractual arrangements between public and private partners consititute a PPP, and what key differences distinguish publ...
متن کامل