| Providing greater access to quality infrastructure in developing countries requires significant investments in new physical assets as well as operations and maintenance (O&M) expenditures. Current estimates of the financing needs in developing countries stand about 7% of GDP, and these needs can be as high as 9% of GDP in low-income countries. Achievement of these goals would require a doubling of present levels of infrastructure financing. (more) In the face of budget constraints in most developing countries and the impediments to private investments, the World Bank aims to help developing countries mobilize all available resources and reverse the decline in private investment by offering innovative financial instruments, such as risk mitigation arrangements, guarantees, sub-sovereign financing solutions, and output-based-aid (OBA) supports. |
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