Featuring
Suma Chakrabarti, President, European Bank for Reconstruction and Development
Donald Kaberuka, Former President, African Development Bank and Distinguished Visiting Fellow and Board Member, Center for Global Development
Nancy Lee, Senior Policy Fellow, Center for Global Development
Sahar Nasr, Minister of Investment and International Cooperation, Egypt
Bobby J. Pittman, Managing Director, Kupanda Capital and Board Member, Center for Global Development
Zeine Zeidane, Former Prime Minister and Governor of the Central Bank, Mauritania and Deputy Director, African Department, International Monetary Fund
Moderator
W. Gyude Moore, Visiting Fellow, Center for Global Development
The infrastructure gap in the developing world needs to be addressed if the global community aims to reach the Sustainable Development Goals. The development community has increasingly focused on financing from the private sector as a source of funding for these infrastructure projects and other development needs. This may make sense in middle-income countries, where regulatory regimes are well-established, international capital can be channeled through sound financial systems, and the logistical and supply needs can be met. However, in lower-income countries, particularly in Africa, mobilizing private capital may be more difficult.
What lessons can be learned from middle-income countries? What capacity building is needed for governments to be able to select the right projects, monitor their construction, and implement them post-construction? How can public-private partnerships be used to mobilize new financing, without subsidizing private sector activities and generating unsustainable debt liabilities for the government? This panel will explore these questions and discuss what is needed to mobilize effective private finance in developing countries.
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