Developing Asia needs over 5% of GDP investments into infra ！ ADB
18 Nov 2019
MANILA, Philippines — Countries in Developing Asia need to invest more than five percent of their gross domestic product (GDP) over the next decade to build infrastructure for their rapidly growing economies, according to a new book co-published by the Asian Development Bank.
The book, titled “Infrastructure Financing in Asia,” said many countries in Asia Pacific are still investing less than five percent of GDP for infrastructure development.
The bank said at this rate, sustaining the momentum for financing infrastructure as well as boosting economic growth and development would be more difficult.
Read more:
https://www.philstar.com/business/2019/10/31/1964713/developing-asia-needs-over-5-gdp-investments-infra-adb#spwBQpYevOTgXqIj.99
The book, titled “Infrastructure Financing in Asia,” said many countries in Asia Pacific are still investing less than five percent of GDP for infrastructure development.
The bank said at this rate, sustaining the momentum for financing infrastructure as well as boosting economic growth and development would be more difficult.
Read more:
https://www.philstar.com/business/2019/10/31/1964713/developing-asia-needs-over-5-gdp-investments-infra-adb#spwBQpYevOTgXqIj.99