INVESTMENT
INGENIEUR
By Valentina Pasquali
This article is reprinted with permission from Global Finance.
As economic growth languishes and worries
about the spectre of deflation mount, much
needed infrastructure development and new
sources of project financing could provide a
panacea to global growth.
E
conomic recovery worldwide is uneven,
despite the strong push by central banks
in recent years to employ a number of
unconventional measures to give their own
economies, and ultimately the global economy, a
kick-start. Developing and developed countries
are on the hunt for the next driver of growth.
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Fiscal constraints continue to affect Governments
everywhere, making a significant increase in
public spending unlikely. But the solution for
leaders from Vietnam to Brazil is right under their
noses: address crumbling, or non-existent, ports,
power plants and sewage systems on which their
citizens, and economies, rely. Infrastructure could
hold the key to unlocking the global savings glut
that endures in the face of near-zero interest
rates. That’s if the political will could be found
and a comprehensive vision for infrastructure
investment involving the private sector laid out.
“Infrastructure investment can fuel growth