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* Countries Need $ 2.4 Billion to Meet Needs, UN Goals
* Investment Is Insufficient
* Fight Against Corruption, Key Reforms to Attract Capital
Joe Bavier
JOHANNESBURG, July 3 (Reuters) – A group of 10 African countries, including some emerging economic stars on the continent, will need $ 1 trillion to fund the infrastructure needed to meet the goals The United Nations Development Network (GHI) of the rich and developing nations of the G20 reveals the challenges facing one of the least developed regions, according to a study released on Tuesday. of the world, but it also highlights the opportunities for investors eager to jump to the water.
"Africa is a fascinating continent for investors," said Ch Ris Heathcote, General Manager of GIH, to Reuters. "They do not say" Am I going to Africa? "They say" I'm going to Africa, I want to go to Africa, which country should I go to? "
The GIH report focuses on Morocco, Ethiopia, Côte d'Ivoire Ivory, Senegal, Egypt, Ghana, Tunisia, Benin, Guinea and Rwanda In order to keep pace with successes like Vietnam in road development, railways , airports, seaports, electricity, water and physical telecommunications infrastructure, these countries will need $ 2 trillion 2040.
Achieving Sustainable Development Goals The United Nations, which provides for universal access to electricity and water by 2030, would require $ 383 billion in additional investment, according to the about $ 2.4 trillion, their current average level of investment of 4.9% of gross domestic product, i would leave the 10 countries with a funding gap of 42% to fill.
African Nations Do not Have Resources According to Heathcote, increased investment in infrastructure is essential, even with the support of aid agencies and multilateral donor institutions, and it is therefore essential to attract private investment
. are already active in energy, transportation and construction in Africa.
A potential infrastructure funding fund is now ready to enter Africa under good conditions, said Heathcote.
"A money fund is held by pension funds. They are increasingly considering the infrastructure of emerging markets, "he said.
Freeing up this money, however, will require addressing the corruption and inefficiencies that have long hindered large-scale investment in Africa.
Rwanda, where private investment accounts for two-thirds of infrastructure spending, as an example of how it can be done properly.
"They worked that if you have any transparent processes, if you have clear regulations that allow you to understand your results are likely to be long-term in your contracts, then investors will look very seriously about you. "(Report by Joe Bavier Edited by Edmund Blair )
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