Third International Conference on Financing for Development: Addis Ababa Action Agenda 2015, para. 47
Paragraphe- Paragraph text
- We acknowledge that impediments to private investment in infrastructure exist on both the supply and demand side. Insufficient investment is due in part to inadequate infrastructure plans and an insufficient number of well-prepared investable projects, along with private sector incentive structures that are not necessarily appropriate for investing in many long-term projects, and risk perceptions of investors. To address these constraints, we will imbed resilient and quality infrastructure investment plans in our national sustainable development strategies, while also strengthening our domestic enabling environments. Internationally, we will provide technical support for countries to translate plans into concrete project pipelines, as well as for individual implementable projects, including for feasibility studies, negotiation of complex contracts and project management. In this regard, we take note of the African Union's Programme for Infrastructure Development in Africa. We note with concern the decline in infrastructure lending from commercial banks. We call upon standard-setting bodies to identify adjustments that could encourage long-term investments within a framework of prudent risk-taking and robust risk control. We encourage long-term institutional investors, such as pension funds and sovereign wealth funds, which manage large pools of capital, to allocate a greater percentage to infrastructure, particularly in developing countries. In this regard, we encourage investors to take measures to incentivize greater long-term investment such as reviews of compensation structures and performance criteria.
- Status juridique
- Negotiated soft law
- Organe
- United Nations General Assembly
- Type de document
- Declaration / Confererence outcome document
- Mode d'adoption
- Consensus
- Thèmes
- Economic Rights
- Governance & Rule of Law
- Personnes concernées
- N.A.
- Année
- 2015
- Type de paragraphe
- Other
- Reference
- Third International Conference on Financing for Development: Addis Ababa Action Agenda (2015), A/RES/69/313, Annex, para. 47.
- Paragraph number
- 47
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