The COVID-19 crisis represents a significant challenge to global health and economies, and developing countries are especially vulnerable to its long-term effects. Once the acute phase of this crisis is over, many governments will turn to infrastructure spending as an economic stimulus to create jobs and stimulate productive investment.
The GIF has published a statement
that outlines five key principles that can serve as a blueprint to help countries build back better—with a particular emphasis on the role that project preparation facilities such as the GIF can play to help ensure that infrastructure is sustainable and creates the right conditions for private sector investment. Jérôme Jean Haegeli, GIF’s Advisory Council Co-Chair and Swiss Re’s Group Chief Economist/Managing Director, Swiss Re Institute, shares his thoughts on the statement in this recent op-ed
which was originally published in the Business Times on August 5th