Date of this Version


Document Type

Research Report

Publication Details

Regan, M. (2009) Infrastructure for economic growth and development: Addressing the infrastructure finance gap. RP 111.

Published as follows:

Commonwealth Finance Ministers Reference Report. A conference held in Cyprus, 30 September to 2 October 2009, Commonwealth Secretariat, London, pp. 114-118, and Commonwealth Ministers Reference Book, Commonwealth Secretariat, London, pp. 137-141.

© Michael Regan, 2009.


Infrastructure is one of the most important tools for accelerating economic development in developing and transition economies and in concert with a nation’s institutional and policy settings, it is one of the key drivers of economic development, local and international trade, improved living standards and the relief of poverty. However, the benefits are not always uniform across nations, the results vary significantly between industries and improved social returns from additional investment have more to do with the procurement method and operational efficiencies than the amount of money that is employed.