A global infrastructure funding group is reporting a major acceleration in pulling private money into projects. The Public Private Infrastructure Advisory Facility, or PPIAF, says it has triggered almost three billion dollars in investment halfway through its current five-year plan. Their latest annual report shows this jump comes from a shift in strategy, moving earlier into projects to shape policies and rules instead of just helping with single deals.
The report notes that for every grant dollar they gave last year, a much larger amount of private capital followed. In the last financial year alone, their thirteen million in grants helped set up four hundred million in expected private investment. Since their renewed strategy started, they have mobilized a total of three billion, with another three billion in the works. Sub-Saharan Africa gets the biggest piece of their portfolio, with over a third of all their activities.
Their work in West Africa, specifically backing a regional power market for ECOWAS, was highlighted as a success. The report claims these efforts now help almost three million people and cut power costs significantly in places like Sierra Leone and Liberia. They are also involved in a bigger push to connect hundreds of millions to electricity across Africa, with early work strengthening utilities in Mauritania and Ethiopia. PPIAF's leaders admit the worldwide funding shortage for infrastructure is still massive, with a gap in the trillions expected by 2040.
The report notes that for every grant dollar they gave last year, a much larger amount of private capital followed. In the last financial year alone, their thirteen million in grants helped set up four hundred million in expected private investment. Since their renewed strategy started, they have mobilized a total of three billion, with another three billion in the works. Sub-Saharan Africa gets the biggest piece of their portfolio, with over a third of all their activities.
Their work in West Africa, specifically backing a regional power market for ECOWAS, was highlighted as a success. The report claims these efforts now help almost three million people and cut power costs significantly in places like Sierra Leone and Liberia. They are also involved in a bigger push to connect hundreds of millions to electricity across Africa, with early work strengthening utilities in Mauritania and Ethiopia. PPIAF's leaders admit the worldwide funding shortage for infrastructure is still massive, with a gap in the trillions expected by 2040.
