Strengthening Infrastructure Governance for Investment and Service Delivery in Panama
Global evidence suggests better infrastructure governance results in more efficient spending and better growth outcomes at the national and subnational levels of government. Several studies (International Monetary Fund (IMF), 2015; OECD, 2015; Worl...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/289961593333933068/Strengthening-Infrastructure-Governance-for-Investment-and-Service-Delivery-in-Panama http://hdl.handle.net/10986/34088 |
| Summary: | Global evidence suggests better
infrastructure governance results in more efficient spending
and better growth outcomes at the national and subnational
levels of government. Several studies (International
Monetary Fund (IMF), 2015; OECD, 2015; World Bank 2014;
OECD, 2013a) demonstrate that improvements in infrastructure
governance can lead to substantial efficiency enhancements
and enhanced infrastructure productivity over the life of
the asset. Conversely, poor governance is a major reason why
infrastructure projects fail to meet their timeframe,
budget, and service delivery objectives. This report
assesses the governance of the infrastructure sectors in
Panama. Building on a dedicated infrastructure governance
framework (see Section II), the report looks at the sector
specific arrangements in electricity and water as well as
the cross-cutting framework for infrastructure planning,
procurement and delivery including for PPPs. The main
recommendations of the report are presented in Section I
below. Aimed at addressing Panama’s infrastructure
governance bottlenecks, the recommendations specify the
suggested timeline and priority. |
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