Strengthening the Role of Private Finance in Infrastructure Development in Eastern Partner Countries
Journal: OECD Publishing eBooks
Year: 2020

Estimates indicate that Eastern Partner countries (Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine) will need to invest between 5% and 7% of annual GDP in order to finance the implementation and maintenance of regional infrastructure. Public investments currently cover only between 0.7% and 3.4%. At the same time, governments are facing increased demands on public finances exacerbated by the COVID-19 pandemic, which is creating additional pressure on limited state budgets and making it d