[ad_1]
A group of 10 African nations, including some of the emerging economic stars of the continent, will lose $ 1 trillion of the infrastructure funding needed to meet the UN 's development goals. here 2040, according to a study published Tuesday. The Global Infrastructure Hub (GHI) of rich and developing G20 countries outlines the challenges facing one of the world's least developed regions. But it also highlights the opportunities for investors eager to jump into the water.
"Africa is a fascinating continent for investors," said Chris Heathcote, managing director of GIH, at 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, which would leave the 10 countries with a financing gap of 42% to be filled.
African Countries 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 a clear regulation that allows you to understand your results are likely to be long-term in your contracts, then investors will look very seriously on you. "
Reuters.
Source link
