Infrastructure in Latin America : Recent Developments and Key Challenges, Volume 1
In the last decade, most countries in Latin America and the Caribbean (LAC) have not spent enough on infrastructure. Total investment has fallen as a percentage of GDP, as public infrastructure expenditure has borne the brunt of fiscal adjustment, and private investment has failed to take up the sla...
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| Format: | PSD, Privatization and Industrial Policy |
| Language: | English en_US |
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Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/08/7090834/infrastructure-latin-america-recent-developments-key-challenges-vol-1-2-main-report http://hdl.handle.net/10986/8801 |
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okr-10986-8801 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING AIRPORT AIRPORTS ALLOCATION OF RISKS BLOCK TARIFFS BOND ISSUE BONDS BOT BOTTLENECKS CAPACITY BUILDING CAPITAL MARKETS COLLUSION COMPETITORS CONCESSION CONCESSIONAIRES CONCESSIONS CONTRACT DESIGN CORPORATION COST OF CAPITAL COST RECOVERY COST RECOVERY LEVELS CREDIT RATING CROSS-SUBSIDIES DEBT DEBT SERVICE ECONOMIC GROWTH ECONOMIC INFRASTRUCTURE ELECTRICITY ELECTRICITY TARIFFS EMPLOYMENT ENTREPRENEURS EXCESSIVE PROFITS EXPANSION FINANCE INFRASTRUCTURE FINANCIAL MARKETS FIRMS FOREIGN EXCHANGE GOVERNMENT SECURITIES GROSS DOMESTIC PRODUCT GROWTH IN DEMAND HOUSING INFRASTRUCTURE COSTS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCE INFRASTRUCTURE FUNDING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PERFORMANCE INFRASTRUCTURE PROJECTS INFRASTRUCTURE PROVISION INFRASTRUCTURE SERVICES INFRASTRUCTURE SPENDING INSURANCE INSURANCE COMPANIES INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL INVESTORS INVESTMENT CLIMATE JOB LOSSES LATIN AMERICAN LENDERS LOCAL CAPITAL MARKETS LOCAL CURRENCY FINANCING LOCAL GOVERNMENTS LOCAL INVESTORS MITIGATION MECHANISMS MUNICIPAL FINANCE NATIONAL INFRASTRUCTURE OPPORTUNISTIC BEHAVIOR PENSION FUNDS PENSIONS POWER POWER DISTRIBUTION PRICE CAP PRICE CAP REGULATION PRIVATE COMPANIES PRIVATE FIRMS PRIVATE INVESTMENT PRIVATE INVESTMENT IN INFRASTRUCTURE PRIVATE INVESTORS PRIVATE OPERATORS PRIVATE PARTNERSHIP PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRIVATE SECTOR INVOLVEMENT PRIVATE SECTOR PARTICIPATION PRIVATE UTILITIES PRIVATIZATION PRIVATIZATION MODEL PROPERTY RIGHTS PROVISION OF INFRASTRUCTURE PROVISIONS PUBLIC PUBLIC EXPENDITURES PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC INVESTMENT IN INFRASTRUCTURE PUBLIC INVESTMENTS PUBLIC INVOLVEMENT PUBLIC PERCEPTION PUBLIC PERCEPTIONS PUBLIC SECTOR PUBLIC SERVICES PUBLIC-PRIVATE PARTNERSHIPS QUALITY OF SERVICE RAIL REGULATORY FRAMEWORKS REGULATORY REGIME RETRENCHMENT RISK MANAGEMENT RISK MITIGATION ROAD ROAD SECTOR ROAD TRANSPORT RURAL ROADS SAFETY SANITATION SANITATION SECTOR SERVICE DELIVERY STOCKS SUBNATIONAL GOVERNMENTS TARIFF INCREASES TARIFF STRUCTURES TARIFFS FOR WATER TAX TAX COLLECTION TELECOMMUNICATIONS TOLL TOLL ROADS TRAFFIC TRAILS TRANSPARENCY TRANSPORT INFRASTRUCTURE URBAN TRANSPORT USER CHARGES UTILITIES VENDORS WATER COVERAGE WATER SECTOR WATER SUPPLY WATER TARIFFS WATER UTILITIES WEALTH |
| spellingShingle |
ACCOUNTING AIRPORT AIRPORTS ALLOCATION OF RISKS BLOCK TARIFFS BOND ISSUE BONDS BOT BOTTLENECKS CAPACITY BUILDING CAPITAL MARKETS COLLUSION COMPETITORS CONCESSION CONCESSIONAIRES CONCESSIONS CONTRACT DESIGN CORPORATION COST OF CAPITAL COST RECOVERY COST RECOVERY LEVELS CREDIT RATING CROSS-SUBSIDIES DEBT DEBT SERVICE ECONOMIC GROWTH ECONOMIC INFRASTRUCTURE ELECTRICITY ELECTRICITY TARIFFS EMPLOYMENT ENTREPRENEURS EXCESSIVE PROFITS EXPANSION FINANCE INFRASTRUCTURE FINANCIAL MARKETS FIRMS FOREIGN EXCHANGE GOVERNMENT SECURITIES GROSS DOMESTIC PRODUCT GROWTH IN DEMAND HOUSING INFRASTRUCTURE COSTS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCE INFRASTRUCTURE FUNDING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PERFORMANCE INFRASTRUCTURE PROJECTS INFRASTRUCTURE PROVISION INFRASTRUCTURE SERVICES INFRASTRUCTURE SPENDING INSURANCE INSURANCE COMPANIES INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL INVESTORS INVESTMENT CLIMATE JOB LOSSES LATIN AMERICAN LENDERS LOCAL CAPITAL MARKETS LOCAL CURRENCY FINANCING LOCAL GOVERNMENTS LOCAL INVESTORS MITIGATION MECHANISMS MUNICIPAL FINANCE NATIONAL INFRASTRUCTURE OPPORTUNISTIC BEHAVIOR PENSION FUNDS PENSIONS POWER POWER DISTRIBUTION PRICE CAP PRICE CAP REGULATION PRIVATE COMPANIES PRIVATE FIRMS PRIVATE INVESTMENT PRIVATE INVESTMENT IN INFRASTRUCTURE PRIVATE INVESTORS PRIVATE OPERATORS PRIVATE PARTNERSHIP PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRIVATE SECTOR INVOLVEMENT PRIVATE SECTOR PARTICIPATION PRIVATE UTILITIES PRIVATIZATION PRIVATIZATION MODEL PROPERTY RIGHTS PROVISION OF INFRASTRUCTURE PROVISIONS PUBLIC PUBLIC EXPENDITURES PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC INVESTMENT IN INFRASTRUCTURE PUBLIC INVESTMENTS PUBLIC INVOLVEMENT PUBLIC PERCEPTION PUBLIC PERCEPTIONS PUBLIC SECTOR PUBLIC SERVICES PUBLIC-PRIVATE PARTNERSHIPS QUALITY OF SERVICE RAIL REGULATORY FRAMEWORKS REGULATORY REGIME RETRENCHMENT RISK MANAGEMENT RISK MITIGATION ROAD ROAD SECTOR ROAD TRANSPORT RURAL ROADS SAFETY SANITATION SANITATION SECTOR SERVICE DELIVERY STOCKS SUBNATIONAL GOVERNMENTS TARIFF INCREASES TARIFF STRUCTURES TARIFFS FOR WATER TAX TAX COLLECTION TELECOMMUNICATIONS TOLL TOLL ROADS TRAFFIC TRAILS TRANSPARENCY TRANSPORT INFRASTRUCTURE URBAN TRANSPORT USER CHARGES UTILITIES VENDORS WATER COVERAGE WATER SECTOR WATER SUPPLY WATER TARIFFS WATER UTILITIES WEALTH Morrison, Mary Fay, Marianne Infrastructure in Latin America : Recent Developments and Key Challenges, Volume 1 |
| geographic_facet |
Latin America & Caribbean America South America Brazil |
| description |
In the last decade, most countries in Latin America and the Caribbean (LAC) have not spent enough on infrastructure. Total investment has fallen as a percentage of GDP, as public infrastructure expenditure has borne the brunt of fiscal adjustment, and private investment has failed to take up the slack. Most infrastructure services have therefore lagged behind East Asian comparators, middle income countries in general and China, in terms of both coverage and quality, despite the generally positive impacts of private sector involvement. This lackluster performance has slowed the LAC region's economic growth and progress in poverty reduction. Countries of the region therefore need to focus on upgrading their infrastructure, as this can yield great dividends in terms of growth, competitiveness and poverty reduction, as well as improving the quality of life of their citizens. Catching up requires significant new investment. But first, measures need to be taken to ensure that infrastructure spending produces higher returns, both economic and social. Both these tasks involve multiple challenges. The first section of the main report reviews progress made in infrastructure coverage and quality and discusses the impacts this has had on growth, competitiveness and the fight against poverty. The second section argues that the main issue has been that there has not been enough improvement in the management of resources, which have been insufficient anyway, and also reviews the region's experiences with private participation in infrastructure. The third section builds on the lessons of the last decade to tackle the key challenges: improving social and economic returns from infrastructure, managing private participation in infrastructure better and raising new finance for infrastructure. |
| format |
Economic & Sector Work :: PSD, Privatization and Industrial Policy |
| author |
Morrison, Mary Fay, Marianne |
| author_facet |
Morrison, Mary Fay, Marianne |
| author_sort |
Morrison, Mary |
| title |
Infrastructure in Latin America : Recent Developments and Key Challenges, Volume 1 |
| title_short |
Infrastructure in Latin America : Recent Developments and Key Challenges, Volume 1 |
| title_full |
Infrastructure in Latin America : Recent Developments and Key Challenges, Volume 1 |
| title_fullStr |
Infrastructure in Latin America : Recent Developments and Key Challenges, Volume 1 |
| title_full_unstemmed |
Infrastructure in Latin America : Recent Developments and Key Challenges, Volume 1 |
| title_sort |
infrastructure in latin america : recent developments and key challenges, volume 1 |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/08/7090834/infrastructure-latin-america-recent-developments-key-challenges-vol-1-2-main-report http://hdl.handle.net/10986/8801 |
| _version_ |
1764405589576777728 |
| spelling |
okr-10986-88012021-04-23T14:02:40Z Infrastructure in Latin America : Recent Developments and Key Challenges, Volume 1 Morrison, Mary Fay, Marianne ACCOUNTING AIRPORT AIRPORTS ALLOCATION OF RISKS BLOCK TARIFFS BOND ISSUE BONDS BOT BOTTLENECKS CAPACITY BUILDING CAPITAL MARKETS COLLUSION COMPETITORS CONCESSION CONCESSIONAIRES CONCESSIONS CONTRACT DESIGN CORPORATION COST OF CAPITAL COST RECOVERY COST RECOVERY LEVELS CREDIT RATING CROSS-SUBSIDIES DEBT DEBT SERVICE ECONOMIC GROWTH ECONOMIC INFRASTRUCTURE ELECTRICITY ELECTRICITY TARIFFS EMPLOYMENT ENTREPRENEURS EXCESSIVE PROFITS EXPANSION FINANCE INFRASTRUCTURE FINANCIAL MARKETS FIRMS FOREIGN EXCHANGE GOVERNMENT SECURITIES GROSS DOMESTIC PRODUCT GROWTH IN DEMAND HOUSING INFRASTRUCTURE COSTS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCE INFRASTRUCTURE FUNDING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PERFORMANCE INFRASTRUCTURE PROJECTS INFRASTRUCTURE PROVISION INFRASTRUCTURE SERVICES INFRASTRUCTURE SPENDING INSURANCE INSURANCE COMPANIES INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL INVESTORS INVESTMENT CLIMATE JOB LOSSES LATIN AMERICAN LENDERS LOCAL CAPITAL MARKETS LOCAL CURRENCY FINANCING LOCAL GOVERNMENTS LOCAL INVESTORS MITIGATION MECHANISMS MUNICIPAL FINANCE NATIONAL INFRASTRUCTURE OPPORTUNISTIC BEHAVIOR PENSION FUNDS PENSIONS POWER POWER DISTRIBUTION PRICE CAP PRICE CAP REGULATION PRIVATE COMPANIES PRIVATE FIRMS PRIVATE INVESTMENT PRIVATE INVESTMENT IN INFRASTRUCTURE PRIVATE INVESTORS PRIVATE OPERATORS PRIVATE PARTNERSHIP PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRIVATE SECTOR INVOLVEMENT PRIVATE SECTOR PARTICIPATION PRIVATE UTILITIES PRIVATIZATION PRIVATIZATION MODEL PROPERTY RIGHTS PROVISION OF INFRASTRUCTURE PROVISIONS PUBLIC PUBLIC EXPENDITURES PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC INVESTMENT IN INFRASTRUCTURE PUBLIC INVESTMENTS PUBLIC INVOLVEMENT PUBLIC PERCEPTION PUBLIC PERCEPTIONS PUBLIC SECTOR PUBLIC SERVICES PUBLIC-PRIVATE PARTNERSHIPS QUALITY OF SERVICE RAIL REGULATORY FRAMEWORKS REGULATORY REGIME RETRENCHMENT RISK MANAGEMENT RISK MITIGATION ROAD ROAD SECTOR ROAD TRANSPORT RURAL ROADS SAFETY SANITATION SANITATION SECTOR SERVICE DELIVERY STOCKS SUBNATIONAL GOVERNMENTS TARIFF INCREASES TARIFF STRUCTURES TARIFFS FOR WATER TAX TAX COLLECTION TELECOMMUNICATIONS TOLL TOLL ROADS TRAFFIC TRAILS TRANSPARENCY TRANSPORT INFRASTRUCTURE URBAN TRANSPORT USER CHARGES UTILITIES VENDORS WATER COVERAGE WATER SECTOR WATER SUPPLY WATER TARIFFS WATER UTILITIES WEALTH In the last decade, most countries in Latin America and the Caribbean (LAC) have not spent enough on infrastructure. Total investment has fallen as a percentage of GDP, as public infrastructure expenditure has borne the brunt of fiscal adjustment, and private investment has failed to take up the slack. Most infrastructure services have therefore lagged behind East Asian comparators, middle income countries in general and China, in terms of both coverage and quality, despite the generally positive impacts of private sector involvement. This lackluster performance has slowed the LAC region's economic growth and progress in poverty reduction. Countries of the region therefore need to focus on upgrading their infrastructure, as this can yield great dividends in terms of growth, competitiveness and poverty reduction, as well as improving the quality of life of their citizens. Catching up requires significant new investment. But first, measures need to be taken to ensure that infrastructure spending produces higher returns, both economic and social. Both these tasks involve multiple challenges. The first section of the main report reviews progress made in infrastructure coverage and quality and discusses the impacts this has had on growth, competitiveness and the fight against poverty. The second section argues that the main issue has been that there has not been enough improvement in the management of resources, which have been insufficient anyway, and also reviews the region's experiences with private participation in infrastructure. The third section builds on the lessons of the last decade to tackle the key challenges: improving social and economic returns from infrastructure, managing private participation in infrastructure better and raising new finance for infrastructure. 2012-06-22T16:46:19Z 2012-06-22T16:46:19Z 2005-08 http://documents.worldbank.org/curated/en/2005/08/7090834/infrastructure-latin-america-recent-developments-key-challenges-vol-1-2-main-report http://hdl.handle.net/10986/8801 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: PSD, Privatization and Industrial Policy Economic & Sector Work Latin America & Caribbean America South America Brazil |