The importance of infrastructure as a key driver of growth, competitiveness and social well-being is well established. Yet, a significant number of economically viable infrastructure investments are not moving forward. Short political cycles, short-term investment horizons, a lack of viable financing structures, inappropriate risk assessment frameworks and a lack of long-term vision mean that much needed investment does not flow to infrastructure and development – causing a $1 trillion annual shortfall towards a $4 trillion demand in infrastructure alone. This problem will only get worse, as infrastructure ages in developed economies, and new pipelines of projects are needed in the world's fastest growing emerging economies.
This project is part of the portfolio of the System Initiative on Shaping the Future of Long-Term Investing, Infrastructure and Development and aims to serve as a global thought leadership incubator that explores how governments and the private sector – long-term investors and engineering & construction companies - can take action to crowd-in more investment in public infrastructure.
The Africa Infrastructure Fellowship Programme - led by the G20 Infrastructure Hub and Meridiam - is the most tangible achievement of this project. https://www.gihub.org/aifp
The Africa Infrastructure Fellowship Program (AIFP) is a public-private initiative to support African governments build capacity in public infrastructure procurement.
Developed by the Global Infrastructure Hub (GI Hub), Meridiam and the World Economic Forum, the AIFP aims to mobilise stakeholders across government, the private sector and multilateral development banks to deliver a program of practical training for public sector infrastructure practitioners. The AIFP will provide participating civil servants with tailored training by academic experts and infrastructure professionals, as well as give them an opportunity to undertake ‘hands-on’ learning by spending time in a private sector Sponsor Organisation.