Mind the gap — unlocking investment in infrastructure
One of the biggest economic challenges facing governments and developers around the world is how to meet the growing demand for infrastructure development.
It has been estimated that $3.2tn (£2tn) will be needed each year for the next 15 years to fund infrastructure development. However, the shortfall in available funds is significant — estimated at $500bn annually. So governments and businesses share an interest in identifying the causes and finding solutions to close this funding gap. The B20 group, which brings together business leaders from the G20 countries, asked the six largest international accounting networks to come together to analyse the issue and develop practical recommendations that would promote more long-term investment from non-government sources in infrastructure.
A panel of experts from the six largest international accounting networks has now published a report focused on possible accounting and corporate reporting reforms that could help attract increased private financing…
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