Abstract:
In developing countries, the lack of motorways is one of the constraint development factors.
This appears as the high transport costs of the public and private sectors. Therefore, the loans of international
financial institutions of development institutions became the common practice along with the traditional tools
of investment policy in the road sector. In this study, the operations of five of these institutions in the road
sector of developing countries over the last twenty years have been analyzed as well as the reasons and
possible consequences of external borrowings. The general trends of investment policy of developing countries
in the regional perspective and close relationship between the total extension of the road network and its
contribution to development institutions have been demonstrated. The activation of stabilizing actions of banks
during post-crisis period has been shown. We have concluded that the length of automobile roads in the
countries with low and average level of national income per capita has increased by one third and the
availability of the roads is 4 times lower than demographic changes.
