Otaviano Canuto, Senior Fellow at the Policy Center for the New South, and Karim El Aynaoui, Executive President of the Policy Center for the New South, contributed to Centre for Economic Policy Research (CEPR) latest eBook "Scaling Up Sustainable Finance and Investment in the Global South" with a chapter on "Bridging Green Infrastructure and Finance".
On November 3rd, CEPR organized a live discussion to launch the eBook, where Karim El Aynaoui presented the chapter and shared his perspective on the issue. The livetweet of the discussion is available here.
Read an extract of Otaviano Canuto and Karim El Aynaoui's chapter below:
"The world faces a huge shortage of infrastructure investment relative to its needs. With few exceptions, such as China, this shortage is even greater in non-advanced countries.
The G20 Infrastructure Investors Dialogue estimated the volume of global infrastructure investment needed by 2040 to be $81 trillion, $53 trillion of which is needed in non- advanced countries (OECD 2020). The Dialogue projected a gap – in other words, a shortfall in relation to the investments foreseen today – of around $15 trillion worldwide, $10 trillion of which is in non-advanced economies".