Viability gap funding for promoting private infrastructure investment in Africa: views from stakeholders

IF 3.3 3区经济学 Q1 DEVELOPMENT STUDIES

Journal of Economic Policy Reform Pub Date : 2020-07-03 DOI:10.1080/17487870.2020.1785296

Henry Möykkynen, A. Pantelias

引用次数: 7

Abstract

ABSTRACT Viability gap funding (“VGF”) has emerged as one of the alternatives to leverage public funds in order to mobilise private infrastructure investment in developing countries. This paper is motivated by an interest to better understand how different stakeholders see VGF and whether the use of different VGF instruments can be an effective tool in promoting private infrastructure investment. The research found that there is a need for more VGF in low- and middle-income countries, among other important findings. Although the presented study is mainly focused on infrastructure development in Africa, its results can be of interest in other developing markets.

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促进非洲私人基础设施投资的可行性缺口资金：利益攸关方的观点

摘要可行性缺口资金（“VGF”）已成为利用公共资金动员发展中国家私人基础设施投资的替代方案之一。本文的动机是更好地了解不同利益相关者如何看待VGF，以及使用不同的VGF工具是否可以成为促进私人基础设施投资的有效工具。研究发现，除其他重要发现外，中低收入国家需要更多的VGF。尽管本研究主要关注非洲的基础设施发展，但其结果可能对其他发展中市场感兴趣。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Economic Policy Reform Multiple-

CiteScore

6.60

自引率

0.00%

发文量

期刊介绍： The Journal of Economic Policy Reform focuses on the analysis of economic policy reform. The journal draws upon what lessons can be learned from the successes and failures of countries undertaking reforms and how existing theories can be developed to shed light on positive as well as normative aspects of the reform process. The Journal of Economic Policy Reform encourages work from economists and political economy analysts on policies to promote growth and reduce poverty, intellectual property rights, aid versus trade, debt and debt relief, taxation and social security systems, surveys of key reform issues, as well as on corruption, democracy, emerging markets and the role of multilateral institutions.