Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation
How Infrastructure Investments Alleviate Poverty
Infrastructure investments alleviate poverty because the industry, innovation, and Infrastructure can build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation.
Infrastructure is the backbone of any country as it generates jobs, boost economic growth and improves the quality of life for the poor.
Take, for example, a hospital in the refugee camp that needs electricity to ensure the safe and healthy delivery of a newborn. A young, rural South Sudanese girl needs to have a safe road to walk to school and Nuba Mountains needs clean water for the essential livelihoods of its citizens. These are just a few of the myriad of ways that infrastructure investments alleviate poverty.
However, when governments push back on certain infrastructure plans, it comes at an enormous social and economic cost. Roughly 663 million people lack access to clean water, 2.4 billion people do not have adequate sanitation, one-third of the world’s population is not served by an all-weather road and over 1.1 billion people, or almost 16 percent of the world’s population, still have no access to electricity.
Our Infrastructural development goals is aiming to see a tremendous impact in diminishing these issues and others in emerging countries. Mobile services have spread rapidly and have allowed people to join the global information age.
In 2016, 85 percent of people in the least developed countries were covered by a cellular signal. Transportation services also drive economic development and generate wealth and employment. In 2015, the global economic impact of air transport was an estimated $2.7 trillion, or about 3.5 percent of the global gross domestic product.
A structure in a medical compound in the Nuba mountains damaged by a bomb dropped on their location.
Currently, children have to walk for days just to get to and from school due to lack of roads. Women and girls do get attacked on a daily basis on their pursuit of water and firewood.
Investing in water pumps, provision of solar energy, improved road systems and provision of motorcycles help empower communities in remote areas.
Infrastructure investments alleviate poverty in developing countries through the application of projects such as bridges, roads, communication, sewage, and electricity.
These projects enable both public and private investors to gain capital appreciation. While servicing the vital infrastructure needs of billions of people, these countries will, along with their booming populations, generate significant prospects for long-term growth and profit for generations to come.
Achieving the development goals will take a concerted commitment to invest in some of the poorest and most vulnerable countries around the world.
Long-term finance has a fundamental role to play in generating higher growth and welfare. Without it, firms struggle to expand, households underinvest in their health and education, and economies miss out on critical infrastructure investments.
However, our recent Global Financial Development Report on Long-Term Finance notes that long-term financing falls far short of the investment needs of developing countries.
This lack of financing exists even though many countries have introduced reforms to develop their domestic financial markets and have enjoyed increased access to international capital markets in the past decade.
The gap is especially significant when it comes to infrastructure finance. As we noted, we need to continue taking actions and supporting various programs to be able to finance our long-term goals.
A lack of infrastructure, especially in war zones comes at an enormous economic and social cost.
Infrastructure and Poverty Alleviation
Infrastructure is the backbone of any country, generating jobs, improving the quality of life for the poor and boosting economic growth.
Investing in infrastructure is integral to poverty alleviation. We work with different initiatives to gain global solutions to tackle this deficit. We leverage both public and private sector funding to respond to the world’s immense infrastructure needs.
Working directly within communities uniquely places us to assist victims of war and extreme poverty in closing the long-term financing gap. We can help identify areas of market failure and provide the necessary incentives to bring in the private sector.
We work with different groups to identify weaknesses in the macroeconomic and investment environment that prevent private sector financing from flowing and can act as “an honest broker” between commercial interests and policymakers.
We can provide risk mitigation tools, such as guarantees, risk insurance, and blended finance, to make these kinds of investments attractive. This sort of innovative, long-term financing will enable the local and global communities to achieve the infrastructure development agenda.
If we want to see a significant change by 2030 – a more equitable world free of poverty – long-term finance for infrastructure is the right place to start.
Your support provides opportunities for vulnerable women and young people in war zones and other vulnerable victims of injustice to access clean water as well as hygiene and sanitation programs.
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