'The COVID-19 pandemic presents an unforeseen major shock to the global economy and has affected infrastructure projects, and in particular PPPs, at all stages and in all sectors with implications for governments, providers of infrastructure assets and services, their financiers, and users.
The Covid-19 crisis has had a major impact on economic activity around the globe. Unlike the 2008-9 financial crisis, which originated in excessive bank lending, countries are dealing with a global health pandemic that has caused a crisis in the economy and is expected to spread to banks and the financial markets. Economies in the regions covered by the European Bank for Reconstruction and Development (EBRD)2 have experienced numerous political and economic crises before, but there is widespread agreement that the scale of the Covid-19 crisis and its global effects are unique.
The EIB is already providing support to address urgent needs of the economy and national authorities, within and outside the European Union.
Our role is very clear: we’re here to help countries optimize private sector infrastructure solutions that are sustainable and resilient as well as informed by best practices, good governance, transparency, and fiscal sustainability.
This blog is managed by the Infrastructure Finance, PPPs & Guarantees Group of the World Bank. Learn more here.
This blog is managed by the Infrastructure Finance, PPPs & Guarantees Group of the World Bank. Learn more here.
Disclaimer: The content of this blog does not necessarily reflect the views of the World Bank Group, its Board of Executive Directors, staff or the governments it represents. The World Bank Group does not guarantee the accuracy of the data, findings, or analysis in this post.
The principles were published originally in the Business Times and are re-published here.
Now, the COVID-19 pandemic has disrupted basic infrastructure services delivery, further impacting the progress on SDGs. More
This blog is managed by the Infrastructure Finance, PPPs & Guarantees Group of the World Bank. Learn more about our work here.
This blog is managed by the Infrastructure Finance, PPPs & Guarantees Group of the World Bank. Learn more about our work here.