Infrastructure spending to help boost Asian living standards

November 7, 2011

Greater investment in infrastructure could help improve the standard of living in Asia, but policymakers must be wary of commiting themselves to costly projects, a conference in Tokyo heard.

Addressing an audience of policymakers, academics, the donor community, and the private sector at the meeting organised jointly by the International Monetary Fund and the Japan International Cooperation Agency (Jica) on “Sustainable Development in Low-income Asian Countries”, Sadako Ogata, the president of Jica said infrastructure investment, together with financial sector development would not only promote better quality of life, it could also aid social welfare…


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