“The Seoul G-20 Multi-Year Action Plan on Development identified gaps in infrastructure as a key bottleneck to growth in developing countries. It committed the G-20 countries to overcoming obstacles to infrastructure investment, developing project pipelines, improving capacity and facilitating finance, in particular for low-income countries. Estimates of total infrastructure financing needs in developing countries amount to over $1.2 trillion per year, with $93 billion for sub-Saharan Africa alone.”
