ifc wants more infrastructure deals for sa

Hi all,

Another article from someone within the finance sector, saying that SA needs help from the Worlds banks, to finance SA infrastructure projects.

What gets up my goat is this, the only way that SA can
develop there economic for the future, is for Banks and finance companies to finance companies like RES and others, so that the economic of SA can grow.

The Government of SA needs to work with the Banks and the finance companies, so that they can get the money needed, to get all of the infrastructure projects in SA started ASAP, once companies like RES and others see this, I'm sure that the finance that they need, would come to them a lot easier then what is happen ATM.

How hard is it for the people within SA Government to see this? isn't that BLACK AND WHITE ?

All are they too worry about what other people will say on there performance?

Well duck me, if you want to grow your Countries economic,
wouldn't you have a plan of sorts.


Step 1) No infrastructure for future business growth in said country......What to do about it?


Answer) I know lets build the ducking infrastructure that is required in said country, so that the said country can GROW ITS DUCKING ECONOMIC!

Step 2) Once the infrastructure is in place, companies will come to SA, look around and say how good is the Government and infrastructure here, I think that I will start up a business in SA, as the Government here is doing all that they can, to help bring in new businesses to grow the economic in SA.


How hard is that I have fix's up the problem in SA from my house in Melbourne.

What about this FP, how about you and I get on your boat, with the crew of girls and sail them to SA?....I think we need to take them on the long ROOT to SA.LOL

I have 300 odd days of long service that I can use, just maybe we could show them in SA how too do the JOB. lol

I'm sure that Pitman could meet us there, and show us around SA and work out an action plan of sorts.


------------------------------------------------------------

9th April 2013



The new head of the International Finance Corp, Jin-Yong Cai, believes the World Bank's private-sector lender should "step up its game" in helping Africa clinch big infrastructure deals that are vital for the region's economic transformation.

To Cai, a former Goldman Sachs executive in China who became IFC CEO six months ago, Africa is the growth story of the next two decades and badly in need of roads, railway lines, ports and reliable electricity.

A growing population and rising new middle class demanding better services and housing has added to the urgency for better infrastructure in Africa cities, Cai said in an interview.

"There are deals that can be done but we need to make them bankable," he told Reuters. "To do that we have to find ways to mitigate risk, allocate risk, and create an investment climate that gives investors clarity and transparency. We see that there is a huge need in this area, and we think we can make a difference."

While Africa's natural resource wealth has attracted increased private investment capital, very little of it has gone into infrastructure development, leaving budget-strained governments to shoulder the cost of developing projects.

China's arrival in Africa has boosted infrastructure development, but much of it has been to link resource-rich areas by road and railway with warehouses and ports.

Meanwhile, the global financial crisis and stringent capital requirements have reduced the number of big banks willing to provide project financing for infrastructure development. Local banks are willing to step in but do not have the capacity to provide long-term loans for infrastructure investments.

"In the post-financial crisis world, our role has become even more important - we must act as a catalyst both in fragile and poor countries," said Cai. "We should be very ambitious in identifying the key bottlenecks and be bold in delivering infrastructure projects or services," he added.

IMPEDIMENT TO HIGHER GROWTH

The World Bank has identified Africa's poor infrastructure as one of the biggest obstacles to higher and sustained economic growth in the region.

It has estimated that the lack of infrastructure in Africa reduced national economic growth by two percentage points annually and cut output by as much as 40%.

The World Bank has estimated that about $93-billion is needed a year over the next decade to boost infrastructure investment in the region. About two-thirds of that is needed to develop new infrastructure and another $30-billion to maintain existing facilities.

Last year, IFC mobilized $3.4-billion in infrastructure globally, of which $688-million of that is in Africa.

"As economies continue to grow, that gap will be get much bigger. I do feel our organisation can be the problem-solver and we intend to step up our game," said Cai.

Poor infrastructure is also blamed for poor trade among African countries.

"We need to play a very active role and be involved in important regional transactions, where we can serve as dealmaker and enabler," Cai said.


http://www.engineeringnews.co.za/article/ifc-chief-wants-more-infrastructure-deals-for-africa-2013-04-09?utm_source=Creamer+Media+FDE+service&utm_medium=email&utm_campaign=EngineeringNews%3A+Gautrain+2012+ridership+up+60%25%2C+placing+%27severe+strain%27+on+capacity&utm_term=http%3A%2F%2Fwww.engineeringnews.co.za%2Farticle%2Fifc-chief-wants-more-infrastructure-deals-for-africa-2013-04-09



Good luck to all that hold RES