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Beyond Project Delivery: How the Global South Can Get More from Development Finance

1. Development Finance Must Serve a Wider Development Strategy International development finance has an important role in enabling countries of the Global South to build infrastructure, expand public services, and address development needs that might otherwise remain unmet. Financing from intergovernmental development finance institutions and other international sources can help governments undertake capital-intensive projects, access specialised expertise, and distribute the costs of major investments over time. For many countries, such financing is not merely an option but a necessary component of their development strategies. However, the successful delivery of an infrastructure project and the achievement of broader developmental objectives are not necessarily the same thing. A project may be completed within its contractual parameters, its infrastructure commissioned, and its immediate technical requirements fulfilled. Yet the wider economic, social, and environmental benefits may...
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Engineering India’s Water Security: From Project Finance to Productive Infrastructure and Industrial Capability

1. Introduction: The Missing Architecture of Water Security 1.1 Water as a Binding Constraint on India’s Development Transition India’s development transition is increasingly discussed through three interconnected ambitions: industrial expansion, technological advancement, and environmental sustainability. Steel, cement, chemicals, electronics, semiconductors, batteries, data centres, and green hydrogen are central to this transition. Yet each depends, to varying degrees, on something that receives considerably less strategic attention than energy, computing capacity, or industrial land: a reliable supply of water of the required quality. Water is not simply another utility to be arranged once an industrial project has been approved. Its availability, quality, seasonal variability, and proximity to the point of consumption can determine where industries locate, how much they can produce, and whether their operations remain viable during periods of scarcity. The same applies to urban se...
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