This article is part of a series by openDemocracy and the Bretton Woods Project on the crisis of multilateralism. The views expressed are those of the author's only, and are not necessarily representative of either organisation.
In recent years Counter Balance has explored the new wave of large-scale infrastructure projects financed all over the world in an attempt to understand the main drivers behind the “global infrastructure agenda”. Through a new wave of financialised mega projects, infrastructure is being turned into a financial asset class, and International Financial Institutions (IFIs) are a key driving force behind this trend. This growing agenda creates massive risks, from detrimental climate impacts to debt burden for emerging economies.
