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Public vs private funding: the jury is still out on the balance

In the financing of infrastructure, it is a positive development that the divergent views on this have been acknowledged. A solution could follow.

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It is important to find a good way of sharing costs and risks in infrastructure projects. Regulatory and political stability, and good dispute-resolution mechanisms are needed as well.

Tokyo

IT SEEMED like a Freudian slip when Asian Development Bank (ADB) president Takehiko Nakao referred during this year's ADB annual meeting in Frankfurt to a "merger" of his bank and the Asian Infrastructure Investment Bank (AIIB). He was referring only to combined financing from the