The result was massive misallocation of human resources, insufficient infrastructure investment, over reliance on credit entitlements, and, of course, unsustainable debt.

Third, for many countries, the 25 year old debt crisis is finally over, allowing much higher investment in health, education, and infrastructure.

Infrastructure investment would then follow.

Insufficient investment has meant inadequate infrastructure.

Debt servicing obligations undermine the ability of many developing countries to finance investment in human capital and infrastructure, thereby affecting economic growth and the generation of employment.

Infrastructure projects require extensive planning and significant upfront investment.

Unfortunately, since the debt crisis in early 1980, the external environment of African countries had experienced a rapid deterioration, with major blows to manufacturing industries, sluggish investment, an increasing debt burden, limited improvement of infrastructure, product diversification and income growth.

The key to successful increased investment in water infrastructure is an equally increased investment in water institutions.

(iii) Encourage the participation of foreign private investment in infrastructure development

Spain is also engaging with highly indebted middle income countries in projects to swap debt for public investment in key areas for sustainable human development, such as education, the environment and infrastructure.

But infrastructure is a long term investment, revenues from which will be lower without accompanying investment in manufacturing capacity.

Foreign direct investment is one of the important sources for building infrastructure.

(f) Strengthen the information technology infrastructure to support investment and operational processes

Excluding investment in roads, only 80 million was spent on infrastructure development.

Deficits are problematic if they finance consumption, not productive public investment on infrastructure.

Shifting to renewable energy sources will require enormous effort and major infrastructure investment.

Cuba supported investment that created infrastructure and contributed capital, market and technology elements.

The US lacks investment in infrastructure and has excess investment in financial derivatives the result of opaque leverage from over consumption.

6. Notes the recognition by the World Bank and the International Monetary Fund of the need to pursue efforts to increase fiscal space for public infrastructure investment within limits of fiscal prudence and debt sustainability

Only a revival in US infrastructure investment can create a sustained global economic recovery. The US has the necessary scale to absorb China s surplus, and its inadequate infrastructure provides plenty of avenues for fruitful investment.

Investment in basic infrastructure is critical clean water, sanitation, healthcare, education, and durable shelter.

Indeed, infrastructure investment is recognized as a key ingredient in sustaining and accelerating growth.

Most infrastructure investment requires public sector leadership to forge partnerships with the private sector.

Concurrently, greater investment in infrastructure is also necessary to achieve higher rates of growth.

Investment in physical infrastructure is one very concrete expression of official support for volunteering.

To increase investment in infrastructure, facilities, equipment and human resources in the health sector.

ODA remains the major source of investment in infrastructure development in landlocked developing countries.

(c) Improving the efficiency and flexibility of the Investment Management Service in adopting new investment approaches requires a stronger and more sophisticated infrastructure.

Special communiqué on the swapping of foreign debt for investment in education

Special communiqué on the swapping of external debt for investment in education

At the same time, high oil prices have enabled higher social spending and infrastructure investment.

Third on the panel s list is increased investment in the construction and maintenance of infrastructure.

Adequate infrastructure, access to finance and better regulation would enhance foreign and domestic investment inflow.

Government investment in infrastructure, both alone and in partnership with private firms, will also directly benefit growth and attract larger inflows of foreign investment.

But innovation in sustainable education financing is lagging behind as investment in other social infrastructure increases.

Inadequate physical infrastructure also continues to cast a shadow over efforts to improve the investment climate.

Regional initiatives have enhanced connectivity through infrastructure and reduced poverty and barriers to trade and investment.

That means that investment is extremely high and that, despite the high share of infrastructure investment, there is an urgent need to manage the potential risks.

Government initiatives to rebuild infrastructure to replace waning private investment with state investment in health care, climate control and energy conservation do not have that downside.

As far as Chinese demand is concerned, investment in infrastructure is continuing, although the share of capital investment in GDP has been approaching very high levels.

Debt relief will open doors for the financing of critical projects in electric power, roads, and ports. This is needed to address the infrastructure bottlenecks that are holding back investment by companies in other sectors and slowing the development of agriculture.

Moreover, debt can drive cycles of over investment, as described by Friedrich von Hayek.

Debt constrained structural adjustment policies compounded the problem through a decline in agricultural investment.

The right balance today requires creating jobs partly through additional fiscal stimulus aimed at productive infrastructure investment.

Moreover, infrastructure investment not only creates jobs in the near term, but also promotes long term competitiveness.