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Infrastructure financing - crowded roads

Governance concerns would arise if there are too many development banks.

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World Bank president Jim Yong Kim (left) says emerging economies could stall for lack of infrastructure while IMF managing director Christine Lagarde suggests that infrastructure spending is a Keynesian imperative to offset slowing global growth.

THE worldwide need for so-called "hard" infrastructure such as roads, railways, ports, energy and communication networks, water and sewage has rocketed to the attention of policymakers worldwide in recent times - and so has the projected global cost of supplying that need.

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