DEALING WITH AFRICA’S INFRASTRUCTURAL DEFICITS IN THE 21ST CENTURY
Abstract
Abstract
Africa lags behind the other developing regions in nearly all kinds of economic and social infrastructures. Using a descriptive approach, the paper identifies power supply, transportation, and ICT connectivity as the key economic infrastructure areas that African countries currently have very high deficits. The continent’s infrastructure deficit is compounded by poor maintenance culture and inadequate new investments. Filling the infrastructure gaps involve the mobilization and prudent use of long-term funds, private investment promotion, and management, and easing the processes of public procurement without ignoring the need to achieve value-for-money implementation. Additionally, sustainability of infrastructure development requires the collaborative efforts of government, donors, private investors, multilateral agencies and civil society organizations.
JEL Code: O11, O18, R11, R58
Key Words: infrastructure projects, infrastructure deficits, fund mobilization, PPP, implementation, maintenance culture, stakeholder approach.
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