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INSIGHT: Private infrastructure investments declined in most regions in 2023

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Ensuring adequate infrastructure is essential to empower individuals to realize their full potential. However, with government budgets facing strain and a significant financing gap in infrastructure development, greater involvement from the private sector is indispensable to successfully deliver essential infrastructure projects.

The World Bank's Private Participation in Infrastructure (PPI) report, which was first published in 1984, consistently reviews investments in 10,000 infrastructure projects in low- and middle-income countries. Here are some of the main findings from the most recent edition of the report:

Regional patterns in private sector infrastructure investment.

During 2023, the Middle East and North Africa (MENA), and the East Asia and Pacific (EAP) regions stood out for their growth in private infrastructure investments amid a general decline in most regions. MENA maintained its momentum, with PPI investments nearly doubling from $1.4 billion in 2022 to $2.9 billion in 2023. The EAP region rebounded after the effects of the COVID-19 pandemic, reaching pre-pandemic investment levels after a three-year gap.

Sectoral trends on private sector infrastructure investment.

In 2023, energy witnessed a notable threefold increase in investment levels, with the lion's share of this growth directed towards EAP. This surge was in line with the ongoing global effort to mitigate greenhouse gas emissions, as evidenced by the remarkable increase in the share of renewable energy in electricity generation, which rose to 97% in 2023 from 93% during the preceding five-year period.

Private infrastructure investment in poor countries.

Private infrastructure investment in low- and middle-income countries reached a significant $86 billion in 2023. Among the world's poorest countries, 26 members of the International Development Association (IDA) saw an impressive 18% increase in investment commitments, totaling $4.3 billion across 53 projects. This marks a record number of projects in 2023.


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