EAP - The Pacific Infrastructure Challenge - World Bank (2006).pdf
EAP - The Pacific Infrastructure Challenge - World Bank (2006).pdf
EAP - The Pacific Infrastructure Challenge - World Bank (2006).pdf
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Figure 2.2: Estimated Annual Investment Requirements for <strong>Infrastructure</strong> Sectors<br />
compared to Total Investment in 2003<br />
$300<br />
$250<br />
$200<br />
$150<br />
$100<br />
$50<br />
$-<br />
PNG PNG Fiji Fiji Solomon Isl Solomon Isl<br />
Source: International Financial Statistics (IMF)<br />
Water Sanitation Mainlines Cellulars Electricity Total<br />
S<br />
Many <strong>Pacific</strong> countries have relied heavily on aid to fund major infrastructure projects in<br />
the past. Meeting future investment requirements will require a change to fiscal priorities,<br />
improved functioning of the financial sectors, and mobilizing domestic and international<br />
private savings.<br />
2.5 How do we meet the <strong>Challenge</strong><br />
<strong>The</strong>re will not be a ‘one size fits all’ solution to infrastructure challenges in the <strong>Pacific</strong>.<br />
Figure 2.3 illustrates an approach to meeting the infrastructure challenge in the <strong>Pacific</strong>.<br />
Figure 2.3: An Approach to Meeting the <strong>Challenge</strong><br />
Fill in the Gaps<br />
Identify<br />
<strong>Infrastructure</strong><br />
Priorities<br />
Develop<br />
Policy<br />
Framework<br />
Dedicate<br />
People and<br />
Financing<br />
Implement<br />
Action Plans<br />
Commitment & Perseverance<br />
Source: Castalia<br />
<strong>The</strong> first step is to ‘fill in the gaps’, and to verify the data presented, and to test whether<br />
the analysis rings true for <strong>Pacific</strong> country leaders. Leaders and policy makers must then<br />
decide how big a priority infrastructure is for their country. <strong>The</strong>y must also determine the<br />
infrastructure priorities, as not all sectors will require the same level of investment or<br />
focus.<br />
8