IMF says right time for infrastructure development

0
86
International Monetary Fund or IMF World Economic Outlook report published on Thursday suggests it is right time for infrastructure push for countries with infrastructure needs like South Sudan.
 
Chapter three of the report disclosed that increased public infrastructure investment increases output in short and long term, particularly during periods of economic limp and when investment efficiency is high.
 
It added that there are infrastructure disadvantages in many emerging market and developing economies.
 
The report indicated low borrowing costs and weak demand in advanced economies for infrastructural needs.
 
It added that debt-financed projects could have large output effects without increasing the debt-to-Gross Domestic Product or GDP ratio if identified infrastructure needs are met through efficient investment.