Industrialised countries have agreed to collaborate on a new programme aimed at funnelling significant private-sector investment into global infrastructure projects, particularly in developing countries.
The World Bank has initiated a major call to action for private sector investors around infrastructure projects in developing countries.
In the 1960s, there were high hopes for the development of the newly-independent sub-Saharan African countries but these hopes were quickly dashed following a series of shocks which began in the mid-70s, with the first oil price spikes, followed by a severe decline in growth and increase in poverty in the 80s and early 90s.
Inequality, poor infrastructure and declining trade are some of the problems that Latin America needs to overcome if the region truly wishes to achieve a “golden age”, according to Peru’s President Ollanta Humala.
There’s the good: “A slight delay of about a minute.”The bad: “Terrible jam!!”And the unbelievable: “No jam.” But as long as Kampala motorists and pedestrians are talking traffic, the eight Ugandan creators of new app called RoadConexion, are happy. For the time being, anyway.
A group of flashmobbers took to the slopes in southeastern Kazakhstan on a crisp March morning this year to spell out a heartfelt SOS with their bodies.
President Barack Obama doubled down on a new push for infrastructure investment in a major speech Friday, highlighting roads, ports and bridges that many say have suffered from decades of insufficient upkeep.
A group of environmentalists, gender activists and international finance watchdogs are calling on the U.S. government to support calls for the World Bank to step back from a new programmatic focus on large-scale infrastructure, which critics say does little to help alleviate poverty.
Over a decade ago, the Dongria Kondh tribe – tucked away in the Niyamgiri hills, a mountain range in the eastern Indian state of Orissa – found itself under attack.
Brazil has turned to large infrastructure as a unique way to globally expand its economy and build up its political influence, with the added bonus of furthering the development of small nations. But this strategy is not without its risks.
For more than two decades, Mapuche indigenous people in the Chilean region of Araucanía have been fighting the construction of the Ruta Costera (Coastal Highway), a megaproject initially conceived during the Augusto Pinochet dictatorship (1973-1990) which has already caused significant archeological and cultural losses and damages.
Greater integration of public passenger transport is a major challenge facing the next government of the Mexican capital, one of the most traffic-congested cities in the world, if it wants to guarantee people the right to mobility.
Indonesia suffers from a malaise: an appalling lack of infrastructure which makes a mandarin orange that travels thousands of miles from Argentina cost nearly the same as another picked locally.