Policy impediments to infrastructure investment in Southern Africa
Policy reforms for increased private participation in infrastructure
Since the 1980s, the gap between demand and supply for basic infrastructure sectors has been rapidly growing in Africa. This gap is also notably evident in the Southern African Development Community (SADC). As public investment and official development aid will not suffice to fill these national and regional gaps, enhancing private sector participation in infrastructure will be critical.
To help developing country governments manage and accelerate the shift towards greater private participation in infrastructure, in 2013 OECD issued a report, initially prepared for the G20 Study Group on Long-Term Investment, which sheds light on reforms governments could undertake. It draws on lessons learned from investment policy reviews in SADC member states, but is also applicable to a wider range of countries and regions.
The report was developed by the OECD Investment and Development Assistance Committees within the framework of the NEPAD-OECD Africa Investment Initiative. Contributions were received from public-private partnership practitioners from the Southern African Development Community, as well as private investors and Development Finance Institutions engaged in infrastructure projects in the region. The report also featured as the background document for an official side-event to the 5th Tokyo International Conference on African Development.