The ‘public’ and the ‘private’ in the shaping of markets
A couple of years ago, in a meeting hall adjacent to the Houses of Parliament, I sat in the audience while fund managers spoke alongside officials from the UK’s Department for International Development (DFID) and representatives of the Private Infrastructure Development Group (PIDG), an organisation funded by DFID and other donors with a mandate to “encourage private infrastructure investment in developing countries.” (PIDG was praised by DFID in their 2013 Multilateral Aid Review for “catalysing private investment in infrastructure,” but...
