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The Global Infrastructure Facility: fulfilling its mission

Akihiro Tsuchiya's picture

Editor's Note: Join us April 22nd at 10AM ET for the 2017 Global Infrastructure Forum when the Multilateral Development Banks (MDBs), the United Nations, the G-20, and development partners from around the world meet to discuss opportunities to harness public and private resources to improve infrastructure worldwide, and to ensure that investments are environmentally, social and economically sustainable. Check out the event site to view the livestream on April 22.




Nearly two years ago, the Global Infrastructure Facility, or the GIF, began its mission to develop bankable, sustainable infrastructure projects in developing countries that are attractive to investors. Being a partnership of multilateral development banks, private sector partners, donors and beneficiary countries, we have the knowledge and resources to make that happen.
 
It has been my honor, as the representative from Japan, to serve in the last year as co-chair of the GIF’s Governing Council together with the World Bank. As my term draws to a close, I would like to reflect on our accomplishments and share some observations with those who believe that developing infrastructure is a key element of reducing global poverty.

Secular Stagnation: A Working Pair of Scissors Needs Two Blades

Otaviano Canuto's picture
The role of asset bubbles as an unsustainable pillar of pre-2007 world economic growth has been widely recognized. Simultaneously, analysts worry that a secular stagnation, though momentarily offset by asset bubbles, may have been already at play in major advanced economies, leading to the ongoing sluggish and feeble recovery.