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CDDRL Virtual Seminars
Poor countries lack infrastructure services: 1.2 billion people have no electricity, and 1 billion live more than 2 kilometers from an all-weather road. In 2015, the World Bank initiated a surge of interest in financing this need when it claimed that rich-country private capital could close the infrastructure services gap, make money, and achieve the sustainable development goals by moving from “billions to trillions” in infrastructure investment in poor countries. This paper assesses and challenges the prevailing gap thinking by introducing an equilibrium framework that distinguishes those poor countries in which the Bank’s three-fold claim is tenable from those where it is not.

May 11, 2021 01:00 PM in Pacific Time (US and Canada)

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