ADB report says developing Asia needs to invest more than 5% of GDP over next decade for infra

October 29, 2019

Developing Asian countries need to invest more than 5 percent of their gross domestic product (GDP) over the next decade to meet infrastructure needs of their fast-growing economies, according to a newly-launched book co-published by the Asian Development Bank (ADB).

In Infrastructure Financing in Asia, a new book edited by ADB Vice-President for Knowledge Management and Sustainable Development Bambang Susantono, many, if not most, of countries in the Asia and Pacific region are  investing less than the proposed  five percent of GDP for infrastructure development.

“Developing Asia must strive to find new, innovative, outside-the-box financing solutions to meet its huge infrastructure investment needs. I am confident that this rich collective volume prepared by experts from inside and outside ADB will set forth some concrete and specific directions for infrastructure financing, as well as provide food for thought,” Susantono said in the book launch. DMS