Financing the Global South’s Infrastructure Boom
Project Syndicate reports that across the Global South, one of the biggest challenges is not just to build more infrastructure, but to build it right.
Without institutional capacity and financial depth, the increasingly popular public-private-partnership model can backfire, creating a vicious spiral of debt, delays, and disillusionment. With infrastructure now seen as the leading engine of growth across the Global South, governments are under pressure to build – and fast. But for most, fiscal space is limited; development aid is thinning; and long-promised climate financing... ...
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