Financing Infrastructure Connectivity in East Asia: Challenges and Solutions
Draft Report of NEAT Working Group on Connectivity Cooperation in East Asia
June 2013, Beijing
While the financial crisis is fading away, its deep-seated impacts are still growing. The global economy has, thus, entered into an era of restructuring and rebalancing. With no immunity to these major challenges, East Asia is now also undergoing economic restructuring and transition in its growth model. It is in this context that countries in this region are more keenly aware of the dual roles of regional economic cooperation and integration as both a critical contributor to the great achievements in the past and an instrumental impetus for the transformation of its growth model. A top priority on this agenda will be connectivity cooperation, particularly in infrastructure connectivity. At present, huge financing gap is one of the biggest impediments to infrastructure connectivity. Therefore, how to secure adequate financing through effective regional cooperation for a “seamlessly” connected East Asia will be a great task.
The report consists of four sections. Section one and two illustrate the necessity of financing cooperation from the perspectives of the significance of infrastructure connectivity and the severe shortage of infrastructure financing. Section three analyses the possibility of financing cooperation and section four proposes specific roadmaps and approaches for financing cooperation.
For the full text of the report, click here.
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