POLICIES NEEDED TO WIN OVER INVESTORS - 2004-05-07

Poor infrastructure increases the cost of doing business, thereby ceding advantage to established markets. Aga Khan Fund for Economic Development (AKFED) director, Anwar Poonawala, told an international conference organised by World Bank affiliate, International Finance Corporation (IFC), and the Financial Times of London that policy makers need to make their economies receptive to private sector participation. The Aga Khan Fund for Economic Development (AKFED) has a network of more than 90 separate companies which have employed over 35,000 people.