2017
DOI: 10.5089/9781484324837.001
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Trends and Challenges in Infrastructure Investment in Low-Income Developing Countries

Abstract: This paper examines trends in infrastructure investment and its financing in low-income developing countries (LIDCs). Following an acceleration of public investment over the last 15 years, the stock of infrastructure assets increased in LIDCs, even though large gaps remain compared to emerging markets. Infrastructure in LIDCs is largely provided by the public sector; private participation is mostly channeled through Public-Private Partnerships. Grants and concessional loans are an essential source of infrastru… Show more

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Cited by 45 publications
(32 citation statements)
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“…Infrastructure constraints, such as a lack of roads to markets and longer-term (cooled) storage continue to restrict opportunities to earn income from excess crop production in much of the developing world. Investments in transport infrastructure have particularly lagged, despite being the largest portion in many infrastructure budgets, as the start from a low base (Gurara et al, 2017). Food transport and marketing will be sectors particularly affected when extreme rainfall leads to widespread flooding, which will particularly impact high-density cities (Vajjarapu, Verma, & Gulzar, 2019).…”
Section: E) Facilitating Market Accessmentioning
confidence: 99%
“…Infrastructure constraints, such as a lack of roads to markets and longer-term (cooled) storage continue to restrict opportunities to earn income from excess crop production in much of the developing world. Investments in transport infrastructure have particularly lagged, despite being the largest portion in many infrastructure budgets, as the start from a low base (Gurara et al, 2017). Food transport and marketing will be sectors particularly affected when extreme rainfall leads to widespread flooding, which will particularly impact high-density cities (Vajjarapu, Verma, & Gulzar, 2019).…”
Section: E) Facilitating Market Accessmentioning
confidence: 99%
“…In developed countries, funding for water infrastructure projects is generated internally by governments and the private sector, through general revenue or by charges imposed on water users and water service providers (Maliva 2014). However, developing countries constantly struggle with limited financial resources to invest in infrastructure development projects (Gurara et al 2017). External support to governments from international donor agencies would be vital in such cases, though not feasible or required in all countries.…”
Section: The Economics Of Utfimentioning
confidence: 99%
“…Furthermore, when the public sector of a country is effective in achieving its objectives, the government is seen as successful, and likely to be re-elected. To that end, Rodman (1968) and Gurara et al (2017) assert that the major challenge faced by less developed countries is not so much lack of capital or foreign aid, but a failure of the public sector structure.…”
Section: Conceptual Backgroundmentioning
confidence: 99%