This summary report condenses the findings of a research programme on
private finance for infrastructure investment. The aim of the programme
was to understand the main constraints on the flow of private capital to
infrastructure projects in DFID's focus countries in Sub-Saharan Africa
(SSA), excluding South Africa. Such constraints could result from
- a lack of bankable project opportunities, which meet the financing
requirements of lenders and investors at different points of the
project life cycle; or
- a lack of private capital from domestic and international credit and
capital markets to finance such projects, linked to issues in these
markets rather than the quality of the available projects.
This research focused firstly on articulating and quantifying the
problem, and secondly on potential solutions for developing bankable
projects and improving access to finance (particularly the deployment of
donor funding interventions). The emphasis is on the provision of a
robust evidence base, taking into account limitations in the information
available in the public domain, to shed light on both the nature of the
problem and the potential solutions.
The ultimate objective of the research is to improve the evidence base
for donors, Multilateral Development Banks (MDBs) and partner
governments, which will help with planning and programming in the areas
of developing and financing infrastructure projects.
Cambridge Economic Policy Associates (CEPA). Mobilising Finance for Infrastructure - Summary Report. Cambridge Economic Policy Associates (CEPA), London, UK (2015) 13 pp.