Private-Sector Investment in Infrastructure: Rationale and Causality for Pro-poor Impacts

R Shah, Richard Batley

Research output: Contribution to journalArticle

11 Citations (Scopus)


This article reviews the arguments for promoting private investment in infrastructure as a basis for poverty reduction in developing countries. It describes the experience leading to the development of international 'facilities' intended to address impediments to private investment. It then explores three 'levels' of literature: that of the facilities themselves, of donor organisations, and of academic authors. At each, it investigates the rationale and causal pathways leading from support for private investment to pro-poor outcomes. It finds there is a possible but not necessary association between private investment, economic growth and poverty reduction, but the causal chain is poorly understood. It proposes the development of such a causal framework.
Original languageEnglish
Pages (from-to)397-417
Number of pages21
JournalDevelopment Policy Review
Issue number4
Publication statusPublished - 1 Jul 2009


  • Infrastructure
  • developing countries
  • private participation
  • investment


Dive into the research topics of 'Private-Sector Investment in Infrastructure: Rationale and Causality for Pro-poor Impacts'. Together they form a unique fingerprint.

Cite this