The jump in financing was due to increased demand from developing countries.
The increase came against a backdrop of an overall decline in private sector investment in infrastructure across the developing world. Such investments-including through public-private partnerships-are considered critical in reducing poverty.
Commitments to Public-Private Partnerships (PPPs) and fully private projects declined by nearly 20 percent, from
The increase in
However, with global demand for infrastructure estimated at
"It is clear developing countries badly need more infrastructure, and we are stepping up with more financing to provide clean drinking water for families, electricity so children can study at night, and better roads so farmers can get goods to markets,"
Kim welcomed the announcement of a BRICS bank and discussion around an
"Globally, we need additional funding for critical infrastructure projects, and so we welcome efforts that will lead to more long-term financing for transport, energy, clean water, and sanitation projects.
"We have to remember our real competition is ending extreme poverty as soon as possible and our shared goal is to build opportunities and improve the lives of the poor," Kim said.
Kim is visiting
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