Institutions doing more to boost infrastructure financing

Singapore

FINANCIAL institutions and development banks are looking at new ways to finance infrastructure development and encourage more private sector participation, panellists at a Wednesday World Cities Summit discussion said.

For example, the Asian Development Bank (ADB) already practises policy-based lending, where it supports governments in their policy reforms to improve efficiency and governance in their infrastructure sectors.

It is now working on a new modality called results-based lending, where it in…