News Releases

Apr 22, 2017

Multilateral banks to deepen collaboration with private sector to boost inclusive, sustainable infrastructure

WASHINGTON, D.C. – Leaders of the top multilateral development banks (MDBs) have agreed to deepen their collaboration to encourage private sector investment in vital infrastructure needed to support sustainable and inclusive economic growth throughout the world.

Under the theme of “Delivering Inclusive, Sustainable Infrastructure,” the Global Infrastructure Forum 2017 provided a venue to discuss how MDBs can best work with countries and the private sector to create markets for infrastructure projects. The forum brought together potential investors, representatives of the United Nations and the G20 with the heads of the African Development Bank, Asian Development Bank, Asian Infrastructure Investment Bank, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank, Inter-American Investment Corporation, International Finance Corporation, Islamic Development Bank, New Development Bank and the World Bank.

Basic infrastructure services – like roads, water and sewage lines, and electrical power – are scarce in many developing countries. Over one billion people live without electricity, more than 660 million people don’t have access to clean drinking water, and one in three people lack access to flushing toilets and sewerage infrastructure. In addition, countries face the urgent need to invest in climate-resilient infrastructure and renewable, efficient energy sources.

With trillions of dollars in capital sitting on the sidelines earning low or even negative returns, deeper engagement with the private sector can create win-win scenarios where investors earn better returns on long-term investments and developing countries get much needed investment and expertise.

In order to fulfill commitments that countries throughout the world made to meet the ambitious Sustainable Development Goals, the MDBs pledged not only to leverage their resources by joining forces to co-finance projects, but also to help generate interest among private sector investors in Public-Private Partnerships and the development of infrastructure as an asset class for institutional investors.

These pledges are included in the MDBs’ Outcome Statement, issued today at the Forum, which is accessible at https://pppknowledgelab.org/sites/default/files/field/page/file/2017_gi_forum_outcome_statement_final.pdf.

Among the speakers at the day-long event were Amina Mohammed, Deputy Secretary General of the United Nations, and Wolfgang Schäuble, Finance Minister of Germany, which currently chairs the G20.

Eight parallel sessions explored a variety of subjects:

  • How to ensure that infrastructure meets environmental and climate change standards;
  • How to help cities meet their infrastructure needs and climate objectives;
  • The role of national development banks in implementing renewable energy and energy efficiency programs;
  • Mobilization of private and concessional resources;
  • Special challenges faced by least developed countries, small island developing states and landlocked developing countries;
  • Risk mitigation for emerging market infrastructure;
  • Infrastructure as an asset class for institutional investors;
  • How to prepare projects with an eye on costs and quality control; and constraints and opportunities for energy and economic development in Africa.

The full agenda of the Global Infrastructure Forum 2017 is available on the Forum’s website, along with a reference guide on Public-Private Partnerships (PPPs), country data, information on specific infrastructure sectors, key databases and other tools.

About the IDB

The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source oflong-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.

More Information

Pablo Pereira
IDB Special Advisor
Office of Strategic Planning and Development Effectiveness
pereirap@iadb.org

Press Contacts

Inter-American Development Bank
Geri Smith
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+1-202-340-6402

Inter-American Investment Corporation
José Luis Lobera
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European Investment Bank
Shirin Wheeler
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African Development Bank
Samuel Mikenga
smikenga@afdb.org
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Asian Development Bank
Erik Churchill
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Asian Infrastructure Investment Bank
Liyan Song
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European Bank of Reconstruction and Development
Olga Rosca
roscao@ebrd.com
+44-20-73388467

International Finance Corporation
Sheila Grandio
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+1 202-907-1322

Islamic Development Bank
Muhammed Jameel Yusha’u
myushau@isdb.org
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New Development Bank
Alexey Kosarev
kosarev.alexey@ndb.int

World Bank Group
Nadine Ghannam
nsghannam@worldbankgroup.org
+1-202-473-3011

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