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ADB and Multilateral Development Banks and
an advanced project preparation solution.
Implementation of APEC 2017 Action Plan
In May 2017, a Seminar on “Long term
investment in infrastructure - risk allocation in
PPP projects” was held in Ninh Binh province
with participants from APEC members,
international organizations such as ADB, GIH,
OECD and other partners.
In the Seminar, many relevant issues of long
term finance for investment in infrastructure
were discussed, including: (i) Overview of
infrastructure financing and related policy issues
in APEC; (ii) Diversifying sources of finance
for infrastructure; (iii) Risk allocation and risk
mitigation instruments; (iv) Exchanging both
successful andfailedexperiences inimplementing
PPP projects, especially building risk allocation
matrices and applying risk mitigation tools in
reality. The ideas related to a policy statement
which will be reported to Finance Ministers in
October also were discussed.
Main findings related to long term investment
in infrastructure were recognized:
Firstly
, the involvement of private sector in
infrastructure projects is particularly important
in the context of limited public financing sources.
Through PPP model, the private sector is more
engaged in providing infrastructure and bridge
the shortage of capital as well as capacity of the
public sector.
Secondly
, diversifying sources of finance for
infrastructrue is necessary to mitigate risks of
LONGTERM INVESTMENT IN INFRASTRUCTURE:
THE POLICY RECOMMENDATIONS FOR APEC
PHAM THAI HA, PhD. *
Learning from experiences of APEC members (Mexico, Chile, Peru) and international organizations (OECD,
ADB, GIH, etc) will benefit APEC members in mobilizing finance of private sector to infrastructure. The
policy statement made some following recommendations for long term Investment in Infrastructure, on a
voluntary and non-binding basis.
Keywords: Investment, Infrastructure, APEC, OECD, WB, ADB, GIH
Received: October 29
th
, 2017
Revised: October 30
th
, 2017
Accepted for publication: December 3
rd
, 2017
APEC 2017 Work Plan for Long term
Investment in Infrastructure
The Finance and Central Bank Deputies’
Meeting inNha Trang last February approved the
APEC 2017 Work Plan for Long term Investment
in Infrastructure, in which the Deputies set two
goals for long term investment in infrastructure,
including: (i) Attracting long term private capital
into infrastructure investment; (ii) Promoting
PPP projects in delivery of infrastructure
facilities through dealing with risk allocation
issues and applying instruments to mitigate
risks.
In order to achieve those goals, the Finance
and Central Bank Deputies approved three
following activities:
Firstly
, organizing an APEC seminar on
Longterm Investment in Infrastructure in May
2017 to share knowledge and experience in long
term infrastructure financing and risk allocation
issues in PPP projects.
Secondly
, collaborating with international
partners (OECD, WB, ADB, GIH, etc.) to promote
good practices in risk allocation matrices and
risk mitigation instruments relevant to APEC
developing members.
Thirdly
, building capacity for government
officials and experts in some APEC developing
members in infrastructure project management
by using Source, a joint global initiative from
* Email:
