Across several African countries, there has been a troubling trend of infrastructure being stripped to sell as scrap metal. People have been arrested for ripping out and selling rail sleepers in South Africa and Ghana, pylon and copper wires in Uganda, and streetlamp meters in Liberia. That strippin...

As the Biden administration turns its attention to infrastructure legislation in the United States, it is important to focus on the role investment in infrastructure financing can play in the recovery. This note covers a policy proposal for a credit enhancement instrument, using concessional financi...