Infrastructure development is dependent mainly on good governance. Countries that have robust governance structures lead the world in building their nation’s futures. Singapore, Denmark, the Netherlands, Canada and Austria have the strongest governance frameworks, and that shows in their robust infrastructure development.

 

Governance determines a country’s “strength of government exercise of authority and control, the integrity of its institutions (including rule of law and corruption prevention), and the robustness in its legal environment required to support infrastructure investment”.  Strong governance is reflected through the strong leadership underpinned by capable institutions that support the rule of law, transparency, and consultation, and have established effective and independent decision making structures for infrastructure investment.  

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GCII will help achieve strong governance which is a prerequisite for engendering trust in the investment community, and excellence in governance is a hallmark of advanced economies.