The seven major multi-lateral development banks (MDBs), plus the International Monetary Fund (IMF) have issued a statement on global infrastructure development, aimed at the leaders of the world's 19 largest economies plus representatives of the European Union (G20. Although the MDBs collectively finance US$ 130 billion of infrastructure projects a year, they say there is still a shortfall between what is being built and what needs to be built - the so-called 'infrastructure gap'. A joint statement from the MDBs and IMF said, "The infrastructure gap in emerging and developing economies is broadly estimated at over US$ 1 trillion per annum."
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