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Nigeria: Towards an Optimal Macroeconomic Management of Public Capital

"This paper develops a framework for making decisions on the type of infrastructure to build and where to build. The basic intuition is that by deriving the marginal physical products of installed infrastructure, we can prioritize infrastructure in…

Shaping the future: Strategies for Sustainable Development in Kenya

Kenya’s future offers both opportunities and significant challenges. It is a continental leader in information technology and has well-developed health and education systems relative to other lower-middle-income African countries, despite average …

Infrastructure as an Asset Class in Africa

Investment in infrastructure has long been recognised as an important mechanism for fostering economic growth and development. With an estimated $130 billion annual deficit in infrastructure investment, Africa is in dire need of such investment. How…

Matchmaking Finance and Infrastructure

The world economy – and emerging market and developing economies in particular – display a gap between infrastructure needs and its finance (Canuto, 2014). On the one hand, infrastructure investment has fallen far short of what would be necessary to…

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