摘要：This study analyzes the main approaches to
infrastructure financing in developing countries and
their evolution. It places the discussion in the context
of the importance of infrastructure investment and
maintenance needs to achieve growth and broader
social objectives. It summarizes the evidence on
the efficiency, equity and fiscal consequences of the
main public and private financing options commonly
used to achieve these goals in these countries. It
shows the limits of the role of the private sector as
a source of financing of infrastructure and the wide
underestimation of public-sector financing support
needed to serve the poorest and ensure that services
are offered at prices consistent with their ability to
pay. It concludes with forward-looking lessons from
roughly 20 years of efforts to diversify the sources of
infrastructure finance in developing countries.
