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Aid and Infrastructure Financing: Emerging Challenges with a Focus on Africa

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  • Tony Addison
  • Prathivadi Bhayankaram Anand

Abstract

The central argument of this study is that given the magnitude of the investment in infrastructure that is required, especially in Africa, the role of foreign aid in the future should be distinctly different. While aid will be required to continue to fill the 'savings gap' in some small countries and land-locked countries, in most other countries aid can play a very different role in facilitating the creation of institutional mechanisms that help mobilize more funding from other sources.

Suggested Citation

  • Tony Addison & Prathivadi Bhayankaram Anand, 2012. "Aid and Infrastructure Financing: Emerging Challenges with a Focus on Africa," WIDER Working Paper Series wp-2012-056, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2012-056
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    File URL: https://www.wider.unu.edu/sites/default/files/wp2012-056.pdf
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    References listed on IDEAS

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    Cited by:

    1. Julian Donaubauer & Birgit E. Meyer & Peter Nunnenkamp, 2016. "A New Global Index of Infrastructure: Construction, Rankings and Applications," The World Economy, Wiley Blackwell, vol. 39(2), pages 236-259, February.

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    More about this item

    Keywords

    Economic assistance and foreign aid; Finance; Infrastructure (Economics); Investments; Funding; Private sector; Sovereign wealth funds;
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