Financing a transformative post-2015 agenda – how does infrastructure finance fit in?
This high-level meeting discussed the role of finance and other means of implementation in the post-2015 agenda with a specific focus on infrastructure finance. As part of its ‘Mobilising European Research for Development Policies’ initiative, the European Commission and four Member States of the European Union (Finland, France, Germany and Luxembourg) have commissioned the Overseas Development Institute (ODI), the German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE), the European Centre for Development Policy Management (ECDPM), the University of Athens (Department of Economics, Division of International Economics and Development) and the Southern Voice Network to produce the 5th European Report on Development (ERD), on the topic of ‘Financing and other means of implementation in the post-2015 context’.
The quantity and quality of infrastructure has major implications for social, environmental and economic transformations but there is too little investment in infrastructure. Infrastructure finance gaps worldwide are estimated to be an annual $1-2.5 trillion. Part of these gaps could be addressed by greater efficiency or better policies, but it is clear that a range of finance flows will need to be mobilised and used effectively to address them. How can this be done? What is the specific role of the (international and/or domestic) public sector and when does the (international and/or domestic) private sector step in? How can public and private sectors mix? And how can a post-2015 framework provide the right signals?
Leading experts discussed this challenge supported by the preliminary research findings from the ERD 2014 project - please see the video and presentations tab.