Reflection Paper Infrastructure
In a deleveraging world where banks are facing stricter capital requirements, there is a clear need to find new sources to finance long term projects. Infrastructure and long term investing are placed very high on the international political agenda. Today many policy makers want pension funds and not for profit insurance to support the economy and there is a widespread consensus that these actors should and could do more. AEIP reminds that pension funds and not for profit insurance are indeed long-term investors, but they should first abide by their fiduciary duty towards their members and cannot solve the infrastructure problem alone.