De nouveaux titres pour l’investissement des infrastructures

SINGAPOUR – Les projets d’infrastructures sont parmi les investissements les plus productifs qu’une société peut être amenée à entreprendre, avec de réelles implications sur la croissance économique d’un pays. Pour les investisseurs privés, cependant, la situation est plus compliquée. Les projets d’infrastructure peuvent générer des retours sur investissement fiables – même si généralement inférieurs à la moyenne. Mais les types d’actifs existants n’offrent le plus souvent pas la structure nécessaire pour permettre à ces projets d’être concurrentiels face aux traditionnelles participations par actions ou par emprunt.

Lors du sommet annuel du Forum Économique Mondial de Davos, Walter Kielholz, président de Swiss Re, et l’ancien Premier ministre britannique Gordon Brown ont encouragé la création d’un nouveau type d’actifs pour les infrastructures – ainsi que nous l’avions déjà fait précédemment. Donc, comment le monde peut-il exploiter au mieux ce potentiel qu’offre l’argent privé dans les infrastructures ?

La taille du gâteau est gigantesque, tout comme le sont les opportunités pour les investisseurs privés. Le portefeuille de projets d’infrastructure dans les marchés émergents aurait dépassé mille milliards de dollars – dont 150 milliards de dollars doit provenir de sources privées. Dans les marchés matures, les investissements dans les infrastructures devraient atteindre quatre mille milliards de dollars en 2017.

To continue reading, please log in or enter your email address.

Registration is quick and easy and requires only your email address. If you already have an account with us, please log in. Or subscribe now for unlimited access.

required

Log in

http://prosyn.org/3OXvasC/fr;
  1. An employee works at a chemical fiber weaving company VCG/Getty Images

    China in the Lead?

    For four decades, China has achieved unprecedented economic growth under a centralized, authoritarian political system, far outpacing growth in the Western liberal democracies. So, is Chinese President Xi Jinping right to double down on authoritarianism, and is the “China model” truly a viable rival to Western-style democratic capitalism?

  2. The assembly line at Ford Bill Pugliano/Getty Images

    Whither the Multilateral Trading System?

    The global economy today is dominated by three major players – China, the EU, and the US – with roughly equal trading volumes and limited incentive to fight for the rules-based global trading system. With cooperation unlikely, the world should prepare itself for the erosion of the World Trade Organization.

  3. Donald Trump Saul Loeb/Getty Images

    The Globalization of Our Discontent

    Globalization, which was supposed to benefit developed and developing countries alike, is now reviled almost everywhere, as the political backlash in Europe and the US has shown. The challenge is to minimize the risk that the backlash will intensify, and that starts by understanding – and avoiding – past mistakes.

  4. A general view of the Corn Market in the City of Manchester Christopher Furlong/Getty Images

    A Better British Story

    Despite all of the doom and gloom over the United Kingdom's impending withdrawal from the European Union, key manufacturing indicators are at their highest levels in four years, and the mood for investment may be improving. While parts of the UK are certainly weakening economically, others may finally be overcoming longstanding challenges.

  5. UK supermarket Waring Abbott/Getty Images

    The UK’s Multilateral Trade Future

    With Brexit looming, the UK has no choice but to redesign its future trading relationships. As a major producer of sophisticated components, its long-term trade strategy should focus on gaining deep and unfettered access to integrated cross-border supply chains – and that means adopting a multilateral approach.

  6. The Year Ahead 2018

    The world’s leading thinkers and policymakers examine what’s come apart in the past year, and anticipate what will define the year ahead.

    Order now