World Economic Forum warns on threat of lack of investment to fund infrastructure projects
Geneva, Switzerland (AHN) – Tighter funding for investment in infrastructure and low-carbon projects needed around the world pose a threat to the world economy, according to the World Economic Forum.
The World Economic Forum is Geneva, Switzerland-based independent international organization.
On Tuesday, the World Economic Forum warned that a world economic growth could stall without investment in infrastructure.
Investment in infrastructure has traditionally come from the government. However, changes in regulation of insurance and pension funds have left some government entities with problems in trying to obtain long-term capital to finance costly long-term infrastructure projects.
World Economic Forum officials issued a report saying that without policy and investor changes that long-term investment in infrastructure projects might continue to decline.
A steering committee of 19 people helped to compile the report. The steering committee was comprised of business executives in the investment industry, including pension fund executives.
According to its website, the World Economic Forum is focused on improving the state of the world by trying to get business, political, academic and other leaders of society to engage in efforts “to shape global, regional and industry agendas.”
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