We've developed a compendium that demonstrates good practice in how governments finance large infrastructure programs, especially during ‘exceptional times’ such as natural disasters, financial crises and pandemics.
During exceptional times, governments usually face two key challenges: budget fiscal constraints, and a decline in private sector ability to invest or co-invest in infrastructure. As such, governments cannot rely on conventional methods of raising finance for infrastructure investment - such as borrowing, the issuance of treasury securities, and quantitative easing. The insights in this compendium outline emerging approaches by national and sub-national governments to fund and minimise the cost of financing infrastructure, accelerate time to market, and leverage private capital in ways that are scalable and replicable.
The compendium was developed as part of the GI Hub’s First Phase Report deliverable on Infrastructure for Recovery Post COVID-19 for the G20 Infrastructure Working Group (IWG) and the Finance Ministers and Central Bank Governors (FMCBG) in 2020.