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From Global Savings Glut to Financing Infrastructure
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From Global Savings Glut to Financing Infrastructure

The Advent of Investment Platforms

Rabah Arezki, Patrick Bolton, Sanjay Peters, Frederic Samama and Joseph Stiglitz
IMF, 2016
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Editorial Rating

8

Qualities

  • Analytical
  • Innovative
  • Visionary

Recommendation

The developing and advanced economies are grappling with how to finance their growing infrastructure needs. Analysts predict that global spending will have to increase by 60% to 2030 to meet greater demand from growing populations and economies. At the same time, public funds can’t match this pressing need. In a highly informative, detailed paper asset manager Frederic Samama and economists Rabah Arezki, Patrick Bolton, Sanjay Peters and Joseph Stiglitz explain how new approaches can enable development. getAbstract recommends this authoritative report to executives and investors for its keen insights into the future of infrastructure investing.

Take-Aways

  • From 1997 to 2015, countries collectively spent $36 trillion on projects for roads, railroads, seaports, airports, electricity, water and telecommunications. But they’ll have to spend $57 trillion from 2016 to 2033 to meet growing demand.
  • The world faces an “infrastructure investment gap” of between $1 trillion to $1.5 trillion each year, on average.
  • Public-private partnerships (PPPs) have failed to live up to the lofty expectations of the 1980s and 1990s due to high capital costs, increased risks and greater user costs.

About the Authors

Rabah Arezki is an economist at the IMF. Patrick Bolton and Joseph Stiglitz are professors at Columbia University, where Sanjay Peters is an adjunct associate professor. Frederic Samama works at Amundi Asset Management.

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