Infrastructure development and financing in sub-Saharan Africa: Toward a framework for capacity enhancement

Of the world’s developing regions, Sub-Saharan Africa has the worst infrastructure deficit, with studies pointing to lost growth opportunities. This study (available in English and in French) presents in one document information previously dispersed on the region’s infrastructure stock and modes of financing. It assesses infrastructure’s role in the region’s economic growth. It identifies specific capacity constraints that have hindered the private sector’s participation in infrastructure financing. And it suggests a framework for advancing institutional and human resource capacities to boost infrastructure financing.

The study makes policy recommendations for capacity enhancement including incentivising the development of domestic public debt markets; conducting training needs assessments and training people through apprenticeships, secondments, in-service workshops, and collaborate with institutions such as universities; consider providing guarantees for securities originated by banks from their infrastructure financing portfolios; establish autonomous and capable PPP departments; improve in-house expertise in project planning and management; educate the private and the public sectors about PPPs; improve levels of trust for PPPs by making the process transparent; and consider private financing of development and infrastructure through more robust and fairer fiscal and tax systems.