GRIDLINES Sharing knowledge, experiences, and innovations in public-private partnerships in infrastructure PUBLIC-PRIVATE INFRASTRUCTURE ADVISORY FACILITY PUBLIC-PRIVATE INFRASTRUCTURE ADVISORY FACILITY PUBLIC-PRIVATE INFRASTRUCTURE ADVISORY FACILITY PUBL

Helping to eliminate poverty and achieve sustainable development through public-private partnerships in infrastructure noTE no. 13 – SEpT. 2006 Sub-Saharan Africa receives only a small share of private investment in infrastruc-ture. One reason for this is its difficulties in getting project finance—difficulties that stem from the low creditworthiness of most African countries, the limits of local financial markets, and the risk profiles typical of infrastructure projects. Whether the region can attract more private foreign currency funding for infrastruc-ture will depend in part on the ability to reduce foreign exchange risks. But in some countries local currency sources, especially local capital markets, also offer good potential. Sub-Saharan Africa has attracted only a smal