Volume 1, Issue 1-2, December 2014, Pages 37 - 44
Attracting international private finance for African infrastructure☆
Authors
Paul Collier*
Blavatnik School of Government, Oxford University, United Kingdom, Centre for the Study of African Economies, Oxford University, United Kingdom, International Growth Centre, United Kingdom
*
Tel.: +44 1865614360; fax: +44 1865281447.
Received 19 August 2014, Accepted 29 September 2014, Available Online 20 November 2014.
- DOI
- 10.1016/j.joat.2014.09.002How to use a DOI?
- Keywords
- International; Private; Finance; African; Infrastructure
- Abstract
Africa’s trade is impeded by poor infrastructure. Inadequate transport infrastructure raises costs analogous to trade barriers, while inadequate power discourages investment. Yet Africa’s infrastructure needs greatly exceed its capacity to finance them. There is therefore a need, and an opportunity, for substantial foreign private finance. However, to date, while private finance routinely finances infrastructure elsewhere in the world, in Africa it has been very limited. This article sets out the chain of impediments to scaling up private finance and suggests ways of addressing them.
- Copyright
- © 2014 Afreximbank. Production and hosting by Elsevier B.V. All rights reserved.
- Open Access
- This is an open access article under the CC BY-NC license (http://creativecommons.org/licences/by-nc/4.0/).
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TY - JOUR AU - Paul Collier PY - 2014 DA - 2014/11/20 TI - Attracting international private finance for African infrastructure☆ JO - Journal of African Trade SP - 37 EP - 44 VL - 1 IS - 1-2 SN - 2214-8523 UR - https://doi.org/10.1016/j.joat.2014.09.002 DO - 10.1016/j.joat.2014.09.002 ID - Collier2014 ER -