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COPYRIGHT 2005 Asia Pulse Pty Ltd
MANILA, Feb 10 Asia Pulse - One of the greatest challenges faced by developing Asia is meeting the urgent need for physical infrastructure crucial to achieving overall growth and reducing poverty, an Asian Development Bank economist said.
The irony, however, is that while developing countries need physical infrastructure in order to grow, being a developing country, they don't have the financial resources needed - estimated at $20 trillon-30 trillion in the coming 10 years for major countries - to develop the required infrastructure.
"The sheer magnitude of the region's financing requirements calls for urgent and...
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