TY - JOUR T1 - Pension Funds in Infrastructure Project Finance JF - The Journal of Structured Finance SP - 37 LP - 52 DO - 10.3905/jsf.1999.320202 VL - 5 IS - 2 AU - Antonio Vives Y1 - 1999/07/31 UR - https://pm-research.com/content/5/2/37.abstract N2 - In most Latin American countries during the 1990s, private participation has developed in both pension fund management and infrastructure investment. These dual reforms have created a sizable, mostly domestic source of long-term funds and also a sizable need for domestic investment funds. Despite the potential benefits of a happy marriage, a relationship has not yet been developed, mostly because providers and users of funds do not yet understand each others needs. This article discusses the benefits of a closer relationship for both parties. It proposes ways to structure financial instruments to meet the needs of pension fund managers and consequent policy and regulatory reforms in pension fund management. The article also discusses the implications this can have for developed countries, such as the United States and most of Europe, where private participation lags in both mandatory pensions and infrastructure. ER -