According to the Asian Development Bank, developing economies in Asia will require $26 trillion in infrastructure investment over the next decade to maintain growth momentum, eradicate poverty, and address climate change. This includes investment in the energy, transportation, telecommunications, and water and sanitation sectors among others. Given limited public financing in most of countries, the introduction of innovative measures to attract private sector capital will be crucial to overcoming the region’s infrastructure financing shortfall.
Attracting institutional investors such as insurance companies and pensions, which are characterized by long-term investment horizons of 10-20 years, will be particularly important to large-scale infrastructure development. Similarly, it will be important to address banks’ propensity to invest in short- to medium-term projects consistent with the structure of their assets and liabilities.
Against this backdrop ADBI and the Central Asia Regional Economic Cooperation (CAREC) Institute will host this policy workshop. The event will highlight the indispensable roles of infrastructure in economic development in supporting and enriching livelihoods in Asia. Experts will also identify innovative measures of attracting private investment in sustainable infrastructure and engage in discussions with policymakers from the region to raise awareness of future challenges and opportunities surrounding that lay ahead.
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