SPONSORS

SPONSORS

EBRD and Russian Investment Fund discuss funding for global infrastructure projects

OTHER NEWS AFFECTING PROJECTS & PM 

21 May 2013 – London, UK – The European Bank for Reconstruction and Development (EBRD) and the Russian Director Investment Fund (RDIF) have co-hosted  a round-table discussion on how to unlock private sector funding for the multi trillion dollar global infrastructure  sector, helping to formulate  recommendations for a meeting of G20 leaders later  this year.

kirill-dmitrievKirill Dmitriev, CEO of the RDIF, who led the discussions with Thomas Maier, the EBRD’s Managing Director for Infrastructure, said cash-strapped governments needed to attract private capital to fund their infrastructure investments, a crucial element in fostering future economic growth.

The panel had highlighted three main areas that would form the basis of recommendations to the G20 Summit to be held in St Petersburg, Russia, on September 5-6.

These centred around the need to reduce restrictions on capital flows, “crowding in” the private sector, and making infrastructure investments more efficient and productive via the introduction of best practices, in particular ensuring predictability for investors.

The European Bank for Reconstruction and Development (EBRD), established in 1991 to nurture the private sector in Central and Eastern Europe and throughout Central Asia, uses investment to help build market economies and democracies. Owned by 61 countries and two intergovernmental institutions, the EBRD provides project and program financing for banks, industries and businesses.  The EBRD invested €8.7 billion in 388 individual projects in 2012.  For more information about the bank, visit http://www.ebrd.com/index.htm

Source: EBRD