Brics backs measures to draw private capital into infrastructure

Brics finance ministers and central bank governors have backed measures to make infrastructure projects in emerging markets more attractive to private investors, including stronger public-private partnership (PPP) frameworks, de-risking mechanisms and multilateral guarantees. The measures come as emerging markets grapple with large infrastructure financing gaps while fiscal pressures limit governments’ ability to fund projects on their own. In a joint statement following the Brics Finance Ministers and Central Bank Governors meeting in Mumbai on…