The World Bank has posted an update on the impact of Covid-19 on infrastructure projects in emerging markets and developing economies, with 256 projects suffering from cancellations or delays.
The multilateral said that the number of project disruption “peaked in April and has since been decreasing” adding that disruptions for projects in construction peaked in May but has also seen a similar decrease.
Projects sponsored by foreign entities were “severely affected”, often due to travel restrictions. Labour shortages, supply chain issues and government budget reallocation are also noted as major disruptive forces.
Latin America, the Caribbean, South Asia, and East Asia and the Pacific saw the greatest number of disrupted projects.
The full update can be read by clicking here.