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Infrastructure financing - crowded roads

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

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.

When he chaired...

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