March 2015
- This white paper looks at how investment in infrastructure is of vital importance for the global economy, and in particular for developing nations.

Equally, if a widening emerging-economy ‘infrastructure gap’ is to be adequately bridged, there is a requirement for much greater involvement of the private sector in the design and delivery of these assets. With government finances increasingly constrained, and the various competing claims on them are only likely to multiply, tapping the financial resources and broader experience and expertise of private investors and producers is a major priority.

Trafigura has long demonstrated competence in trading and transportation of commodities, and is also aware of global citizenship responsibilities that go some way beyond those owed to its immediate shareholders. It stands to be at the leading edge of the future expansion of global infrastructure which supports trade.

It is our hope that this white paper will contribute to an informed debate about the important role of infrastructure in fostering development, and will encourage the search for innovative public-private partnerships in this area. Since the emerging-market growth that is fuelling demand is unlikely to abate in the foreseeable future, solutions will be at a premium in coming years.


About the authors

Russell Jones

Russell Jones, Partner, Llewellyn Consulting - Russell Jones has been a macroeconomist in the financial markets for almost three decades, occupying senior roles in London, Tokyo, the Middle East, and Sydney, and working on both the ‘buy’ and ‘sell’ sides. He spent ten years at Lehman Brothers, where he was Chief Economist for Asia and Head of Foreign Exchange Research, and for a period was Chief Economist for the Treasury Department of the Abu Dhabi Investment Authority. Most recently, he was Global Head of Fixed Income Strategy at Westpac Institutional Bank, where his team was ranked number one in the analysis of the Australian and New Zealand debt markets. Russell joined Llewellyn Consulting as a Partner in early 2013, plays a leadership role in the firm’s economic and financial market research, and writes extensively. Russell holds BSc and MSc degrees in Economics and Economic History from the University of Bristol.

Camille Viros

Camille Viros, Senior Economist, Llewellyn Consulting - Prior to rejoining Llewellyn Consulting Camille worked for Barclays Wealth, where her main focus was the euro area, producing analysis and forecasts of the region’s main economic, policy and market developments. Before that, she worked as a policy economist at Lehman Brothers, covering a wide range of subjects, including climate change, population ageing, global macroeconomic issues and the financial crisis. Camille has worked on a number of long-term studies, and co-authored The Business of Climate Change, The Business of Climate Change II and The Business of Ageing. Camille graduated from HEC Paris, and holds an MSc in Economic Analysis and Policy from the Paris School of Economics.

Russell Jones introduces white paper:

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Russell Jones introduces white paper:

11 March 2015