When we as consumers decide to invest our money—whether through shares, bonds, or other instruments—we look at whether our investment will deliver a solid financial return. It makes sense then that the same risk-return principle is applied to investments in infrastructure.
On 12 July 2018 the GI Hub’s COO, Mark Moseley, joined a webinar panel on blockchain and its applications for infrastructure, hosted by the International Project Finance Association (IPFA). Blockchain is the technology that underpins Bitcoin and other similar ‘cryptoassets’, such as Ethereum and Ripple. Its potential, and the recent volatility of cryptoassets, has made the technology one of the most hyped and misunderstood technologies in the market.
Norad provides expert advice about development and aid to foreign services and works together with a range of other players in development assistance.
Japan will fully mobilize public and private resources, in collaboration with other countries and international organizations, to address the immense demand for infrastructure development in Asia. This initiative will play a catalytic role in further mobilizing private funding and know-how to realize sufficient infrastructure investment in terms of both quality and quantity.
Korea's ODA consists of three types of aid: 1) bilateral grants, 2) bilateral loans, and 3) multilateral assistance. Bilateral grant aid comprises of technical cooperation and various types of transfers (made in cash, goods, or services) with no obligation for repayment. Bilateral loans, on the other hand, are provided on concessional terms under the name of the Economic Development Cooperation Fund (EDCF). Lastly, multilateral assistance is delivered either as financial subscriptions or (grant) contributions to international organizations.
The third Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) was held in Mumbai on 25-26 June 2018, and the Global Infrastructure Hub was asked to join one of the panels organised by India, as the host nation.
A major factor hindering infrastructure implementation and delivery is the absence of good governance, according to the 130 delegates from 27 countries who came together for the first Regional Roundtable on Infrastructure Governance in Cape Town in November.
On 3-4 July 2018 the GI Hub gave a series of presentations at the International PPP Finance Summit, held in London.
Infrastructure can often be used as a pawn in the political chess game, not only at a federal level between political parties, but at a foreign policy level too. It’s crucial that a cross-border infrastructure project has political support and cooperation from all parties involved, and that it’s being supported not for political gain, but to further regional development. A lack of strong political leadership can be detrimental to a cross-border project, and weak capacity can be a deterrent to investors.
World leaders gathering at the UN General Assembly in September 2015 adopted a much-heralded new set of development goals with the worthy aims of lifting communities across the globe out of poverty and improving lives, but 18 months later, new research from the Global Infrastructure Hub has revealed that on current investment trends we will fail, by a wide margin, to meet the electricity and water goals by 2030.