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Infrastructure financing, public-private partnerships and development in the Asia-Pacific region

Author

Listed:
  • Gilberto M. Llanto

    (President, the Philippine Institute for Development Studies)

  • Adoracion M. Navarro

    (Senior Research Fellow, the Philippine Institute for Development Studies)

  • Ma. Kristina P. Ortiz

    (Research Analyst, the Philippine Institute for Development Studies)

Abstract

Several studies have shown the significant interlinkage between infrastructure and development among various economies in the Asia-Pacific region. Recognizing the central role of infrastructure in contributing to the improvement of human welfare and achieving the 2030 Agenda for Sustainable Development, the present paper looks into the following key areas: (1) status of infrastructure in Asia-Pacific economies and infrastructure financing; (2) evidence linking infrastructure and development; (3) public-private partnership (PPP) as an emerging infrastructure financing scheme for developing economies; and (4) the creation of new financial institutions for infrastructure financing in the region. Overall, the Asia-Pacific region’s large and expanding infrastructure needs may be addressed through various forms of financing. While tax revenues and borrowing will continue to be significant sources of financing for most economies in the region, PPPs and other emerging sources could play a major role in addressing infrastructure gaps.

Suggested Citation

  • Gilberto M. Llanto & Adoracion M. Navarro & Ma. Kristina P. Ortiz, 2015. "Infrastructure financing, public-private partnerships and development in the Asia-Pacific region," Asia-Pacific Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 22(2), pages 27-69, December.
    • Handle: RePEc:unt:jnapdj:v:22:y:2015:i:2:p:27-69
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    Cited by:

    1. Andrey Berezin & Bruno S. Sergi & Natalia Gorodnova, 2018. "Efficiency Assessment of Public-Private Partnership (PPP) Projects: The Case of Russia," Sustainability, MDPI, vol. 10(10), pages 1-18, October.
    2. Gilberto M. Llanto, 2016. "Philippine Infrastructure and Connectivity: Challenges and Reforms," Asian Economic Policy Review, Japan Center for Economic Research, vol. 11(2), pages 243-261, July.

    More about this item

    Keywords

    Infrastructure; sustainable development; official development assistance; public-private partnership; financial institutions; infrastructure financing;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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