Financing, management and institutional issues in infrastructure development

The previous chapters have shown that in terms of both physical and social infrastructure all but a few of the developing countries of the region are far from meeting the requirements of either economic growth or equitable social development. In order to meet international targets in areas of social development, a recent United Nations report has argued that a large number of developing countries would have to double financial allocations to the social sectors. However, the World Bank is highly pessimistic about developing countries as a whole being able to increase their allocations to certain social services during the 1990s. The prospects of improving the physical infrastructure of the developing economies of the region are hardly any better and this raises severe apprehensions about continuing the growth momentum in the production sectors of these economies.

Sustainable Development Goals:

Decent Work and Economic Growth

Reduced Inequalities