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Govts need to invest in infrastructure: PM Lee

By
Lee
U-Wen [email][email protected][/email]
print |email this article
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TO generate economic growth and create employment for the future, governments
need to invest in infrastructure and set concrete targets on how they plan to
promote these investments within the next two years.
Addressing world leaders on the second day of the G-20 Summit in St
Petersburg, Russia, yesterday, Prime Minister Lee Hsien Loong said that
investment in infrastructure was one of the most positive and "practically
achievable" agendas at the annual forum.
"(It is) key to preparing for the future, and the best way to boost demand
over the medium term and increase competitiveness and long-term growth
potential," he said in his remarks delivered at the imperial Konstantinovsky
Palace.
Mr Lee, however, noted two hurdles that many nations face today - the fact
that traditional sources of funding are constrained, and a "basic mismatch" in
risk and maturity preferences.

By
Lee
U-Wen [email][email protected][/email]
print |email this article
<!-- end of header //-->
TO generate economic growth and create employment for the future, governments
need to invest in infrastructure and set concrete targets on how they plan to
promote these investments within the next two years.
Addressing world leaders on the second day of the G-20 Summit in St
Petersburg, Russia, yesterday, Prime Minister Lee Hsien Loong said that
investment in infrastructure was one of the most positive and "practically
achievable" agendas at the annual forum.
"(It is) key to preparing for the future, and the best way to boost demand
over the medium term and increase competitiveness and long-term growth
potential," he said in his remarks delivered at the imperial Konstantinovsky
Palace.
Mr Lee, however, noted two hurdles that many nations face today - the fact
that traditional sources of funding are constrained, and a "basic mismatch" in
risk and maturity preferences.