Title: Closing the Infrastructure Gap: The World Bank Group

Language: English

Type: Document

Nature: Report

Published: July 1, 2016


Region: Global

Country: Global / Non-Specific

Keywords: About PPP, Knowledge Lab, PPP Reference Guide, Online Guide, PPP Basics

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Document Summary:

Reducing the infrastructure gap requires improvements in efficiency and quality of public investment in infrastructure and mobilization of public and private finance. On April 16, 2016 the MDBs participated in the first Global Infrastructure Forum to discuss how they can work together to implement the infrastructure dimension of the Addis Ababa Action Agenda.


Document Details:

The MDBs resolved to follow a two-pronged approach based on (i) supporting country-led approaches to planning, executing, supervising and evaluating sustainable, resilient, inclusive, and well-prioritized infrastructure programs and robust infrastructure frameworks; and (ii) consolidating and scaling up existing multilateral mechanisms to promote greater knowledge transfer, project preparation and implementation support in the form of global and regional platforms and tools, including de-risking and risk allocation mechanisms. To achieve these objectives the MDBs resolved to (1) improve data and information on infrastructure; (2) promote compatible, efficient approaches; (3) strengthen project preparations; and (4) promote financing for infrastructure. This Issue Brief summarizes the actions taken under each of these initiatives. 

 

UN. 2016. “Closing the Infrastructure Gap: The World Bank Group.” Issue Brief Series. New York: United Nations, Inter- Agency Task Force on Financing for Development. [#4378]


Updated: June 27, 2022