Mind The Gap: Financing Resilient Infrastructure
As countries across Asia look to close their infrastructure gaps, they must grapple with the escalating impacts of urbanization, globalization, and climate change. Costs associated with climate change mitigation and adaptation alone are projected to increase developing Asia's infrastructure investment needs by US$200 billion per annum over the next 12 years, in addition to the US$1.5 trillion already needed. What steps can governments and multilateral organizations take to further increase private investment in infrastructure? What roles should these actors play in assessing the risks and benefits of new projects? What is needed to create a steady stream of public-private partnership projects that are not only bankable, but simultaneously advance sustainable development?