‘Emerging markets need $1.5trn infrastructure investments yearly

cbn, Central Bank of Nigeria

Emerging markets need to invest an average of $1-1.5 trillion in infrastructure, annually, to be able to meet currently expected rates of growth, the World Bank has said. The Breton wood institution also stated in a report released last weekend that while the world currently spends about $2.5 trillion a year on infrastructure, it is estimated that it needs to invest an average of $3.3 trillion annually just to support currently expected rates of growth-with power requiring the largest amount. The study stated: “The world economy – and emerging market…

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