Given the change in many governments' role for the financing of infrastructure, many countries have revisited the question of whether they should establish state infrastructure banks (either state-owned or state-sponsored). Consequently, we have reviewed some of the existing state infrastructure banks and have summarized in Table 2 the range and impact of approaches that have been taken (see also Table 3). In the United States, the 2011 budget sets out plans for a US$4 billion National Infrastructure Innovation and Finance Fund.6 In the United Kingdom, the Liberal Democrat political party has also been calling for the establishment of the UK Infrastructure Bank.7
Table 3: State Bank of India lending amounts in FY 2008 and FY2009
Amount (Rs crores) | FY 2008 | FY 2009 | Growth (%) |
Aggregate project | 1,45,045 | 1,93,595 | n/a |
Aggregate debt | 92,558 | 1,33,894 | n/a |
Of the above, | 20,195 | 25,854 | 28.0 |
Debt syndication | 54,951 | 64,069 | 16.6 |
Source: http://www.statebank.com/.