Multilaterals must collaborate to spur private funding

Author: Lizzie Meager | Published: 19 May 2016

To solve the global infrastructure funding shortfall, multilateral development banks (MDBs) must work together, according to panellists at the International Capital Market Association (ICMA) annual conference in Dublin yesterday.

The World Economic Forum estimated in 2013 that $5 trillion would be needed per year until 2030 to fund various infrastructure projects.

Voicing concerns over the risk surrounding Chinese president Xi Jinping’s ambitious One Belt One Road project, panellists considered how to mitigate that risk and boost funding.

"We need to do better," said Arunma Oteh, treasurer of the World Bank. "Some...