Other Infrastructure Study

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    Argentina: Valuing Water
    (World Bank, Washington, DC, 2021-08-17) World Bank
    This report assesses water security in Argentina, using a conceptual framework developed by the World Bank. The effects of the pandemic reinforce the importance of safe access to water, hygiene, and sanitation, both as the first barrier against virus transmission and as an essential factor during recovery to mitigate secondary impacts on livelihoods and community well-being. The clear need to ensure that water is available in sufficient quantity and quality for human and productive uses, together with controlling the effects of the excess of water, highlights its central role in the economy, and in particular in securing the well-being of vulnerable communities. Argentina is already taking key steps to close water security gaps. It is increasing access to water and sanitation services with a focus on the most vulnerable; defining planning instruments such as national water plans; reinforcing tools such as the national information system for water and sanitation, the national water network information system (SNIH) and management and results plans (PGRs) for public service companies; expanding the regulatory framework with law 27,520 on minimum budgets for adaptation to and mitigation of climate change; and creating new entities such as the national directorate of drinking water and sanitation (DNAPyS). This study builds on these efforts and recommends steps to take toward becoming a more water-secure country by 2030.
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    Jobs and Distributive Effects of Infrastructure Investment: The Case of Argentina
    (World Bank, Washington, DC, 2021-06) World Bank
    This paper assesses the short-term job generation potential of infrastructure investments in Argentina. The analysis is based on a 2017 Input-Output model with a breakdown of the construction sector into multiple infrastructure subsectors. The disaggregation was possible with a novel database with cost structures for about 70 infrastructure projects. The analysis reveals significant heterogeneity across subsectors of infrastructure investment, with job generation potential ranging between 15,000 and 49,000 annualized direct, indirect and induced jobs in the short-term per US1 billion dollars invested, depending on the type of infrastructure project considered. The results show that public housing and rural road maintenance, followed by railway construction, water and sanitation and urban infrastructure have the highest potential to generate jobs in the short-term. On the other hand, road construction and energy distribution are activities with lower short-term generation potential, but with higher long-term impact on GDP growth according to their elasticities estimates in the literature. The analysis reveals the characteristics of the projects that are determinants of the degree of job generation potential, these include: labor intensity, split between skilled and unskilled labor, ratio of imports to total investment, technology, among others. Infrastructure investment in sectors with high potential for employment generation compares favorably with pure demand stimulus check programs in terms of the effects on income growth for the poor and across all quintiles. However, infrastructure investment in sectors with low employment potential tend to have relatively more limited distributive effects. It is argued that to optimize job generation potential of infrastructure investment in the short-term as a fiscal stimulus, and in the long-term as a foundation for future growth, interventions must be ready for implementation, with low risk of delays, and selected based on sound economic analysis. Also, policymakers must pursue projects with high economic returns to enable a more productive and competitive economy and look for opportunities in which public sector investment can crowd in rather than crowd out private sector investment.
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    Mobilizing Private Finance for Development in Latin America and the Caribbean
    (World Bank, Washington, DC, 2018-02) Abousleiman, Issam A. ; Thompson Araujo, Jorge ; Abousleiman, Issam A. ; Thompson Araujo, Jorge
    The Latin America and the Caribbean Region (LAC) has the largest stock of active PPP investments and the largest pipeline of infrastructure projects by volume globally, reflecting the central role of the private sector in the regional development agenda. Looking ahead, the region is making efforts to close the estimated US$180 billion per year investment gap with further private sector resources by: (i) improving the enabling environment for private investments to take place; and (ii) developing a robust pipeline of bankable projects. The WBG is well-placed to assist the region with financial support and knowledge services, as illustrated by the examples selected for part three of this report.