Transcription of FINANCING AFRICA’S INFRASTRUCTURE DEVELOPMENT
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FINANCING AFRICA’S INFRASTRUCTURE DEVELOPMENT
1 FINANCING africa S INFRASTRUCTURE DEVELOPMENT Policy Brief 2015 INTRODUCTION africa has enjoyed significant social and economic progress over the past 15 years, with an average GDP growth rate estimated at in 20151. Yet, this progress has not resulted in commensurate job creation or meaningful economic transformation. INFRASTRUCTURE deficit, hard and soft, has been undermining all the efforts towards achieving sustainable DEVELOPMENT and structural transformation in africa , particularly in view of a rapidly growing population. Indeed, the emergence of a large middle class estimated at nearly 350 million in 2010 is driving the demand for socio-economic INFRASTRUCTURE including access to water and sanitation.
1 FINANCING AFRICA’S INFRASTRUCTURE DEVELOPMENT Policy Brief 2015 INTRODUCTION Africa has enjoyed significant social and economic progress over the past 15 years, with an average GDP
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