Keyword: public investments

The Use of Pension Funds for Infrastructure Development can be a Good Idea

Picture: Telestar Logsistics Saliem Fakir - When Minister Ebrahim Patel released his fledgling department’s medium-term strategic plan, he indicated that the Department of Economic Development would investigate the use of pension funds for the purposes of infrastructure development and repair. No sooner had he announced this, did some economists, in a typical knee-jerk reaction, jeer the idea conjecturing that it was bad. In contrast, there have been some others from the same quarters (private capital markets) who thought it...