“The largest estimated gain is for Bangladesh at $35.5 billion, followed by Kazakhstan at $26.6 billion,” the report said. The report said that investment in infrastructure development improves economic productivity and the quality of growth. “Infrastructure deficits also constrain social development and weaken environmental sustainability,” Akhtar added. It found major inadequacies in transport infrastructure and energy in the LDCs, and said while SIDS needed to strengthen ICT infrastructure, and LLDCs should prioritise investment in transport infrastructure in order to reduce trade costs. The report also recommended prioritising domestic revenue mobilisation for infrastructure investment and improving the efficiency of public expenditure.

Source: bd News24 May 08, 2017 18:45 UTC