Sustainable resilient infrastructure is key to economic growth

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Addressing the impact of climate change is central to sustainable development.

The impact of a changing climate threatens economic growth and disproportionately affects the poor, who are often on the front lines of climate change, living in vulnerable areas and equipped with the fewest resources to adapt to changing conditions.

Investments in infrastructure can serve as a foundation for economic development and growth, help lift families out of poverty and, if done properly, make their communities more resilient to climate change. Building climate-resilient — and therefore sustainable — infrastructure helps ensure delivery of development benefits over the long term.

The Millennium Challenge Corp. actively incorporates climate change considerations in pursuit of its mission of poverty reduction through economic growth. MCC is a U.S. government agency that provides large grants to a select group of countries that have demonstrated a commitment to good governance, economic freedom and investment in their citizens.

When partner countries work with MCC to identify binding constraints to economic growth, the evidence often points to gaps in infrastructure. This includes both physical infrastructure and the related policy and institutional reforms that can enhance infrastructure’s contribution to sustainable growth and poverty reduction. Nearly 70 percent of the more than $10 billion MCC has provided to our partner countries has funded infrastructure, such as roads, airports, ports, schools, health facilities, and power and water systems.

MCC has also made significant investments to build the capacity of our partners to operate and maintain their infrastructure. We also provide technical assistance to help reform laws, regulations and policies that encourage thriving economies and ensure sustainability of physical assets.

Read more at Devex.com

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