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The EU wants to plug the developing world's infrastructure needs with private finance, ahead of a UN summit on development funding. (Photo: Colin Crowley)

EU pushes private finance as report casts new doubt on costs for poorest

The EU is pushing plans to expand the role of private finance in development policy, despite a new evidence suggesting that public/private partnerships (PPPs) are the most expensive ways to finance projects in the world’s poorest countries.

Finance ministers will gather in the Ethiopian capital Addis Ababa next Monday (13 July) to discuss how to finance the soon-to-be-agreed Sustainable Development Goals (SDGs) intended to cut poverty and develop infrastructure in the world’s poorest co...

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

The EU wants to plug the developing world's infrastructure needs with private finance, ahead of a UN summit on development funding. (Photo: Colin Crowley)

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

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