Infrastructure only drives economic growth when it is well aligned with the country’s economic, industrial, social and environmental priorities.
Building on its contributions to the G20 process in Cannes in November 2011, the World Economic Forum has engaged its government, multilateral development bank and industry partners to suggest ways in which these questions can be answered.
Written in conjunction with PwC, this report is designed principally for senior government leaders and officials responsible for planning and delivering infrastructure. It provides a road map to steer governments to best practices. The methodologies have deliberately been kept generic so that the principles can be applied in emerging and developed economies, at a regional level or even by municipalities. Other stakeholders, including the private sector, multilateral development banks and the donor community, should also benefit from the formulation of this common language on infrastructure to facilitate a more productive engagement with government.
The Report recommends that governments should prepare national infrastructure plans to optimise their portfolio of infrastructure investments, and contains a framework for doing this. Having an infrastructure plan will allow governments to identify interrelationships between sectors, decide which quick wins should be prioritised. The report also introduces a new perceptual tool to help governments engage with stakeholders to understand their concerns and views on infrastructure deficiencies and priorities.