In the face of an uncertain global economic environment, governments around the world are
looking to boost competitiveness as well as their domestic markets to help fuel strong growth.
Infrastructure development is a major element in this renewed drive. However, with liquidity
tightening due to concerns over inflation, and project-finance lending banks hamstrung by new
financial regulations, alternative channels to infrastructure loans will be necessary to ensure
these massive new initiatives receive the required private sector financing.
The underdeveloped capital markets in emerging economies can fill the gap. The deepening of
regional municipal bond markets and the creation of an effective project bond market in Asia
and other parts of the world, along with other alternative financing solutions, have great
potential, as long as creditworthiness, construction risks and other concerns are addressed. The
opportunities around these new financing channels, and the challenges that have to be
overcome for their potential to be realised, will be the focus of the fourth World Bank-Singapore
Infrastructure Finance Summit.
The World Bank, the Singapore Ministry of Finance, the Monetary Authority of Singapore and
the Financial Times, in association with the World Bank-ASEAN Infrastructure Finance Network,
and with AusAID support, will gather leading policy-makers, investors, contractors and
strategists to discuss these issues and generate innovative public-private solutions.
The Summit, chaired by David Pilling, Asia Editor of the Financial Times, will feature:
- an opening address by Singapore Minister for Trade and Industry Lim Hng Kiang
- an on-stage interview with World Bank Managing Director Sri Mulyani Indrawati
- an exclusive panel of ministers and financial sector leaders
- a unique session on making the infrastructure value chain more effective
- a discussion involving investors, bankers and ratings agencies on diversifying funding
sources for infrastructure projects