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Asia: 'The way forward'
01 Oct 2003
A study into the drastic fall in infrastructure investment in Asia since the currency crisis of 1997 has been initiated by the region's three major development financial institutions. Both public and private sector financing for infrastructure have fallen despite the huge need for infrastructure development in the Asia-Pacific region and the strong correlation between economic development and poverty reduction.
The flagship study, entitled "Infrastructure Development in East Asia: The Way Forward, " is being undertaken by the Japan Bank for International Cooperation (JBIC), the Asian Development Bank and the World Bank, with support from the Government of Japan. This is the first joint research project undertaken by the three institutions with the goals of poverty reduction and economic development. Infrastructure is regarded as indispensable for the achievement of the United Nations' Millennium Development Goals (MDGs).
