Impact of the global financial crisis on investments in South Asia's electric power infrastructure
While the global financial crisis appears to have had little impact on the flow of funds to South Asia’s power sector, the sector still needs up to $150 billion in additional investments to meet its growing electricity demand by 2015 says this report by World Bank’s Energy Sector Management Assistance Program (ESMAP).
A recently released ESMAP report on the impact of the global financial crisis on investments in South Asia's electricity sector was discussed in Dhaka and New Delhi in early February 2011. The report aims to inform and possibly influence power sector policies in India, Bangladesh and Pakistan. South Asia's major economies were largely cushioned from adverse effects of the financial crisis because remittances, domestic investments and exports of certain categories of goods kept up during the crisis. The report further says the region was largely insulated because of its limited integration with, and dependence on, world financial markets. In addition, strong and timely policy interventions helped minimize adverse impact.