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Author : Luis Carranza
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (133 download)
Download or read book Public Infrastructure Investment and Fiscal Sustainability in Latin America written by Luis Carranza and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
ISBN 13 : 1498331637
Total Pages : 49 pages
Book Rating : 4.4/5 (983 download)
Download or read book Public Investment and Fiscal Policy - Lessons From the Pilot Country Studies written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2005-01-04 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reports on findings from eight pilot country studies on public investment that were carried out during the second half of 2004. The pilot country studies covered a diverse group of countries. Specifically, they included countries in Latin America (Brazil, Chile, Colombia, and Peru), Africa (Ethiopia and Ghana), the Middle East (Jordan), and Asia (India).
Author : David Brand
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (741 download)
Download or read book שימוש בהורמונים צמחיים ובמיצויים ביולוגים לשפור נביטת זרעים של עצי יער בתמיסות מימיות מאווררות written by David Brand and published by . This book was released on 1995 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : César Calderón
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (318 download)
Download or read book Infrastructure Compression and Public Sector Solvency in Latin America written by César Calderón and published by . This book was released on 2002 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ms.Valerie Cerra
Publisher : International Monetary Fund
ISBN 13 : 147553759X
Total Pages : 41 pages
Book Rating : 4.4/5 (755 download)
Download or read book Highways to Heaven written by Ms.Valerie Cerra and published by International Monetary Fund. This book was released on 2016-09-21 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inadequate infrastructure has been widely viewed as a principal barrier to growth and development in Latin America and the Caribbean. This paper provides a comprehensive overview of infrastructure in the region and highlights key areas in which infrastructure networks can be enhanced. The public and private sectors play complementary roles in improving the infrastructure network. Therefore, it is critical to strengthen public investment management processes as well as the regulatory framework, including to ensure an appropriate mix of financing and funding for projects and to address environmental concerns.
Author : William Easterly
Publisher : World Bank Publications
ISBN 13 : 0821383442
Total Pages : 232 pages
Book Rating : 4.8/5 (213 download)
Download or read book The Limits of Stabilization written by William Easterly and published by World Bank Publications. This book was released on 2003-10-01 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the 1980s and 1990s, most Latin American countries witnessed a retrenchment of the public sector away from infrastructure provision and an opening up of infrastructure activities to the private sector. This book analyzes the consequences of these policy changes from two perspectives. First, it reviews in a comparative framework the major trends in infrastructure provision in Latin America over the last two decades. Second, it evaluates the implication of these trends for economic growth and public deficits in the region. The book shows that in most countries private participation did not fully offset the public sector retreat. The result was a slowdown in infrastructure accumulation, which entailed a significant growth cost and weakened the intended impact of the infrastructure spending cuts on public sector insolvency.
Author : Eduardo Cavallo
Publisher :
ISBN 13 : 9781597824002
Total Pages : pages
Book Rating : 4.8/5 (24 download)
Download or read book From Structures to Services written by Eduardo Cavallo and published by . This book was released on 2020-08-07 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Marianne Fay
Publisher : World Bank Publications
ISBN 13 : 1464811024
Total Pages : 121 pages
Book Rating : 4.4/5 (648 download)
Download or read book Rethinking Infrastructure in Latin America and the Caribbean written by Marianne Fay and published by World Bank Publications. This book was released on 2017-08-02 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: Latin America and the Caribbean (LAC) does not have the infrastructure it needs, or deserves, given its income. Many argue that the solution is to spend more; by contrast, this report has one main message: Latin America can dramatically narrow its infrastructure service gap by spending efficiently on the right things. This report asks three questions: what should LAC countries’ goals be? How can these goals be achieved as cost-effectively as possible? And who should pay to reach these goals? In doing so, we drop the ‘infrastructure gap’ notion, favoring an approach built on identifying the ‘service gap’. Benchmarking Latin America in this way reveals clear strengths and weaknesses. Access to water and electricity is good, with the potential for the region’s electricity sector to drive competitive advantage; by contrast, transport and sanitation should be key focus areas for further development. The report also identifies and analyses some of the emerging challenges for the region—climate change, increased demand and urbanization—that will put increasing pressure on infrastructure and policy makers alike. Improving the region’s infrastructure performance in the context of tight fiscal space will require spending better on well identified priorities. Unlike most infrastructure diagnostics, this report argues that much of what is needed lies outside the infrastructure sector †“ in the form of broader government issues—from competition policy, to budgeting rules that no longer solely focus on controlling cash expenditures. We also find that traditional recommendations continue to apply regarding independent, well-performing regulators and better corporate governance, and highlight the critical importance of cost recovery where feasible and desirable, as the basis for future commercial finance of infrastructure services. Latin America has the means and potential to do better; and it can do so by spending more efficiently on the right things.
Author : Eduardo A. Lora
Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (129 download)
Download or read book Public Investment in Infrastructure in Latin America written by Eduardo A. Lora and published by . This book was released on 2011 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Panel data for seven Latin American countries are used to assess the influence of public indebtedness on public investment in infrastructure in the period 1987-2001. Debt increases are associated with higher public infrastructure investment, an effect that is robust to the inclusion of many other fiscal and macroeconomic variables. This paper also finds some evidence of complementarity between public and private investment and of the negative effect of IMF adjustment loans on infrastructure expenditures. No evidence is found that debt defaults affect public investment in infrastructure.
Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264022082
Total Pages : 167 pages
Book Rating : 4.2/5 (64 download)
Download or read book Challenges to Fiscal Adjustment in Latin America The Cases of Argentina, Brazil, Chile and Mexico written by OECD and published by OECD Publishing. This book was released on 2006-02-06 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume discusses progress made to date in Argentina, Brazil, Chile and Mexico in putting their finances in order, and points out the challenges ahead.
Author : Mario Pessoa
Publisher : Inter-American Development Bank
ISBN 13 : 1597822272
Total Pages : 375 pages
Book Rating : 4.5/5 (978 download)
Download or read book Public financial management in Latin America written by Mario Pessoa and published by Inter-American Development Bank. This book was released on 2015-08-24 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: The efficiency, effectiveness, and transparency of public financial management in Latin America is critical for the supervision of public resources, fiscal stability, and sustainable economic development. In recent years, the countries of Latin America have embraced reforms in public financial management and have made many important advances; however, many challenges remain. This book brings together the knowledge and experiences of IMF and IDB staff and representatives from 16 governments in the region to document these reforms, and examines the experiences and lessons learned. It is a valuable resource for those looking at issues in public financial management.
Author : Organisation for Economic Co-operation and Development
Publisher : OECD
ISBN 13 :
Total Pages : 172 pages
Book Rating : 4.F/5 ( download)
Download or read book Challenges to Fiscal Adjustment in Latin America written by Organisation for Economic Co-operation and Development and published by OECD. This book was released on 2006-02-23 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite considerable progress made by Latin America’s biggest economies in putting their finances in order, numerous challenges remain. Public spending needs to incorporate more flexibility, ageing populations and social demands threaten future pressures on expenditure, and social and infrastructure spending need to be more cost-effective. At the same time, tax bases need to broaden to reduce reliance on distortionary taxes on financial transactions and enterprise turnover, and overall tax administration must be improved. Finally and foremost, the fiscal authorities need to keep public debt at sustainable levels, paving the way for faster, more resilient growth. This volume discusses progress made to date in Argentina, Brazil, Chile and Mexico, and points out the road ahead. It provides an overview of trends and highlights the diversity of fiscal adjustment processes in Latin American countries. It also describes the financial market perspective and role of sovereign debt ratings. The chapter on Argentina debunks the view that fiscal management in the 1990s was irresponsible, arguing instead that the financial crisis was caused by a confluence of costly pension reforms, Brady debt restructuring and the recognition of fiscal “skeletons” in the closet. The chapter on Brazil makes a case for a more entrenched culture of fiscal austerity to make the current achievements sustainable. The Chile chapter describes the role of political cohesiveness following the return of democracy in driving the economy to fiscal rectitude. Finally, the chapter on Mexico discusses different scenarios for debt dynamics and the country’s efforts to contain expenditure pressures.
Download or read book Fiscal Decentralisation and Public Investment written by and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Sheoli Pargal
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4./5 ( download)
Download or read book Regulation and Private Sector Investment in Infrastructure written by Sheoli Pargal and published by World Bank Publications. This book was released on 2003 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author assesses the importance of the regulatory framework as a determinant of private sector investment in infrastructure. She uses recently compiled data on private and public sector investment in the water, power, telecommunications, railroads, and roads sectors between 1980 and 1998 in nine countries in Latin America. The author finds that the most significant institutional determinant of private investment volumes is the passage of legislation liberalizing the investment regime. This is important because it indicates that the legal basis for reform is probably more critical in determining the quality of the investment climate than specific aspects of the institutional framework governing private sector participation. In accordance with intuition, the author's results indicate that government action to increase regulatory certainty and minimize the perceived risk of expropriation through the establishment of independent regulatory bodies is a critical determinant of the volume of private investment flows. She also finds that the general relationship of private to public investment is one of substitutability.
Author : Alejandro Izquierdo
Publisher : Inter-American Development Bank
ISBN 13 : 1597823317
Total Pages : 453 pages
Book Rating : 4.5/5 (978 download)
Download or read book Better Spending for Better Lives written by Alejandro Izquierdo and published by Inter-American Development Bank. This book was released on 2018-09-16 with total page 453 pages. Available in PDF, EPUB and Kindle. Book excerpt: How can this puzzle of larger demands and fiscal strengthening be solved? This edition of the development in the Americas (DIA) report focuses precisely on this question. The book suggests that the answer is about fiscal efficiency and smart spending rather than the standard solution of across-the-board spending cuts to achieve fiscal sustainability— sometimes at great cost for society. It is about doing more with less. · Analysis of government spending in Latin America and the Caribbean reveals widespread waste and inefficiencies that could be as large as 4.4 percent of the region’s GDP, showing there is ample room to improve basic services without necessarily spending more resources. · The publication argues against across-the-board cuts. It looks at whether countries spend too much or too little on different priorities, whether they invest enough to ensure a better future, and whether those expenditures make inequality better or worse. · Along with the diagnosis, the report offers several policy recommendations on how to improve the efficiency of government spending.
Author : Mr.Sergi Lanau
Publisher : International Monetary Fund
ISBN 13 : 1475584385
Total Pages : 20 pages
Book Rating : 4.4/5 (755 download)
Download or read book The Growth Return of Infrastructure in Latin America written by Mr.Sergi Lanau and published by International Monetary Fund. This book was released on 2017-03-03 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the effects of improvements in infrastrucutre on sectoral growth and firm-level investment, focusing on six Latin American countries. Exploiting the heterogeneity in the quality of infrastructure across countries and the intrinsic variation in the dependence of sectors on infrastructure, I find that better infrastructure raises growth and investment. Improved infrastructure could yield large economic benefits. For example, if the quality of infrastructure in Colombia increased to the sample median (Czech Republic), GDP growth would increase by about 0.1 percentage points.
Author : Inter-American Development Bank
Publisher : Springer
ISBN 13 : 1349949299
Total Pages : 352 pages
Book Rating : 4.3/5 (499 download)
Download or read book Saving for Development written by Inter-American Development Bank and published by Springer. This book was released on 2016-07-08 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why should people - and economies - save? This book on the savings problem in Latin America and the Caribbean suggests that, while saving to survive the bad times is important, saving to thrive in the good times is what really counts. People must save to invest in health and education, live productive and fulfilling lives, and make the most of their retirement years. Firms must save to grow their enterprises, employ more workers in better jobs, and produce quality goods. Governments must save to build the infrastructure required by a productive economy, provide quality services to their citizens, and assure their senior citizens a dignified, worry-free retirement. In short, countries must save not for the proverbial rainy day, but for a sunny day - a time when everyone can bask in the benefits of growth, prosperity, and well-being. This book is open access under a CC BY-NC-ND 3.0 IGO license.
