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MEFMI 2016 COMBINED FORUM

2016 MEFMI Combined Forum. Accelerating Economic Growth in the MEFMI Region: Drivers, Prospects and Policy Implications

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  • Détails du fichier
  • Size: 25MB
  • Créateur / Auteur : Joan Addedis
  • Type de ressource : Africa Capacity Report
  • # Télécharger: 254
  • Accéder: Open to Download

January, 2016

Télécharger des fichiers
MEFMI 2016 COMBINED FORUM.pdf
Informations de base
Créateur / Auteur
MEFMI
Source / Éditeur
Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI)
Nombre de pages
52
Détails géographiques et d'audience
Couverture géographique
Classification et domaines
Objet
Economic Growth
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Résumé

Infrastructure bottlenecks have been identified as one of the major impediments to SSA regions development and its quest to achieve a strong, sustained and shared growth. The region consistently lags behind on every measure of access to infrastructure services. The World Banks 2008 Africa Infrastructure Country Diagnostic (AICD) study estimates Africas total infrastructure financing needs at US$93 billion a year (or 15 percent of the regions GDP). Only US$45 billion of this gap is financed, leaving a deficit of about US$48 billion per annum. While the infrastructure funding gap is huge, public finances have remained under pressure. The budgets of major donors that traditionally supported aid flows to the Africa region have not recovered from the 2008 global financial crisis and more recently, the Eurozone sovereign debt crisis. This makes Official Development Assistance (ODA) increasingly volatile and uncertain as a source of funding. Against this background of fiscal constraints, PPPs are emerging as mechanisms to help governments address burgeoning infrastructure bottlenecks
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Mots-clés

FINANCING AFRICAN INFRASTRUCTURE: NEEDS AND SOLUTIONS, INNOVATION IN GUARANTEE PRODUCTS AND FISCAL ASPECTS, PUBLIC PRIVATE PARTNERSHIPS
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