2018-19 Budget Estimate:
One of the largest constraints to development in the region is inadequate infrastructure. Developing countries in the Asia Pacific will need to invest $22.6 trillion in infrastructure from 2016 to 2030, or $1.5 trillion per year, if the region is to maintain its growth momentum and eradicate poverty. This figure would increase to $26 trillion, or $1.7 trillion per year, if the costs associated with climate change mitigation and adaption were included.
Australia is committed to tackling infrastructure bottlenecks to help create the right conditions for sustainable economic growth and to enhance trade and investment opportunities across the region. The program will be guided by the Strategy for Investments in Economic Infrastructure.
For further information on how Australia is addressing inadequate infrastructure in partner countries, see:
Australia recognises that developing countries may need assistance, including through aid for trade investments, to address supply-side constraints and make the most of open market opportunities. Australia is helping to enable developing countries to trade by improving their customs procedures, facilitating the market to provide finance to small and medium sized enterprises, and helping women entrepreneurs to export.
For further information on how Australia is providing practical assistance and advice to help our partner countries engage and be competitive in the global trading system, see: