Financing for Development: Infrastructure Development in the Pacific Islands

Financing for Development: Infrastructure Development in the Pacific Islands

Date: 
Tuesday, September 15, 2015
Abstract

The paper discusses financing infrastructure for sustainable development in the Pacific Island Countries. Some of the challenges the Pacific islands are facing are in accessing to sufficient and appropriate financing; and the high costs of infrastructure maintenance due to insufficient funds or planning. The Pacific Regional Infrastructure Facility (PRIF) supports investment in economic infrastructure and provides advisory services, knowledge sharing and best practices benefitting several Pacific island countries. Public-Private Partnership (PPP) also funds infrastructure development in the Pacific. There are several success cases although more PPPs are needed. Financing infrastructure for climate change adaptation in the Pacific islands is also discussed.

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