Developed and developing nations need to tap public-private partnership and bonds to finance future development

Both developed and developing countries are facing the dual challenge of deteriorating or inadequate infrastructure and a shortage of fiscal funds. The question of how to take comprehensive measures in the coming years to meet the challenge has thus become a common problem for governments.

The trouble is evident even in the United States, home to the world's first modern infrastructure. People can see the declining quality of its infrastructure, which reflects a generation of under-investment. According to the World Economic Forum's competitiveness report, the US infrastructure ranks below 20 in most of the nine categories and below 30 in air transport and electricity supply.