Publication: Reform, Private Capital Needed to Develop Infrastructure in Africa : Problems and Prospects for Private Participation
Date
2006-05
ISSN
Published
2006-05
Author(s)
Leigland, James
Butterfield, William
Abstract
In Sub-Saharan Africa, the overwhelming
need for infrastructure has motivated regional economic
organizations to push for an ambitious agenda of private
participation. But to begin solving Africa's
infrastructure investment problems will also require broad
institutional reform along with greater financial
commitments by governments and donors. The private sector
appears capable of supplying only a fraction of the
estimated US$5-12 billion a year in additional
infrastructure finance that Africa needs to meet its
Millennium Development Goals for infrastructure. Meeting
Africa's infrastructure development challenges will
require substantial increases in government budgetary
allocations and official development assistance.
Citation
“Leigland, James; Butterfield, William. 2006. Reform, Private Capital Needed to Develop Infrastructure in Africa : Problems and Prospects for Private Participation. Gridlines; No. 8. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/4075d092-bfb2-572f-85ae-d51400eb40ba License: CC BY 3.0 IGO.”