- HBR Summary. Infrastructure investment can not only combat the poverty of today — it has the potential to stave off the poverty of the future. And yet only $6 billion of private infrastructure investment went to the world’s poorest countries between 2010 and 2019 — that’s less than 1% of the total $1.1 trillion invested during that period.
- UN’s 2009 report “Rethinking Poverty”.
- “It is important to remember that all poverty is local.”
- To understand an individual’s locality is to understand why that person lives, and could continue to live, in a state of poverty.
- More than public sector action, we need innovation that incentivizes investors to direct capital towards promising infrastructure projects in low-income countries.
- Just as importantly, we need data innovation, beyond the data regarding commercial viability of projects.
- All poverty is local. But all prosperity is local as well. The path to prosperity is only as sound as the infrastructure it is built upon. It is time for private investment, and the global financial system, to demonstrate this fact.
- UNCDF is already piloting innovations.
- Along with United Cities and Local Governments and the Global Fund for Cities Development, UNCDF has launched an international municipal investment fund to deliver private and public finance to locally-based infrastructure projects in developing and least-developed countries — with a target capitalization of EU 350 million at first closing.
Category 2: The Big Picture of the Digital Age
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