Infrastructure in the pandemic year
The Center for Strategic & International Studies (CSIS), a US think-tank, recently observed that economic trends in the Indo-Pacific prior to the Covid-19 pandemic forecast, among other things, a heightened focus on closing the infrastructure gap.
Then Covid-19 struck, and Indo-Pacific countries that particularly struggled to contain the pandemic, such as India and the Philippines, had to put infrastructure development projects on hold in order to prioritise addressing the immediate impacts of the crisis—health, poverty, unemployment, breakdown of supply chains and services, and struggling SMEs. Going forward, the CSIS expects these countries to face more severe economic contractions.
So, how will the infrastructure gap be closed?
By putting the focus