Summary of Financing African Infrastructure

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Recommendation

In 2009, the World Bank, international institutions and global donors called for massive infrastructure investments in Sub-Saharan Africa. The world listened, and support flooded in. This Brookings Institution report offers a comprehensive, instructive and well-annotated analysis of the origin and distribution of these investments by sector across the region. More important, the study focuses on a set of critical recommendations that brings the need for greater oversight and better planning and governance into sharper focus. getAbstract believes investors, bankers, policy makers, nongovernmental organization leaders, and development and multilateral donor groups will appreciate this timely work.

In this summary, you will learn

  • How much investment Sub-Saharan Africa requires to close its “infrastructure gap”;
  • How the world has responded to the call for greater financing for the region; and
  • Why Sub-Saharan Africa should focus on strategic planning, governance and delegation.
 

About the Authors

Jeffrey Gutman is a senior fellow at the Brookings Institution, where Amadou Sy is director of the Africa Growth Initiative and Soumya Chattopadhyay is a senior research associate.

 

Summary

While international infrastructure investment into Sub-Saharan Africa has grown by 200% from 2004 to 2012, a chronic “infrastructure gap” of $93 billion per year presents a barrier to growth and to relieving persistent poverty. External financing originates from three main sources: 1) “private participation...

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