Publication: Peru - Recent Economic Development in Infrastructure : Volume1. Investing in Infrastructure as an Engine for Growth - Spending More, Faster and Spending Better
Date
2010-12
ISSN
Published
2010-12
Author(s)
World Bank
Abstract
This report provided the Government of
Peru with a comprehensive strategic assessment of three key
infrastructure sectors: water/sanitation, transport and
electricity, and to propose selected recommendations on how
the Government could improve the performance of these
sectors. Peru's public expenditure framework shows some
rigidities, a number of which were introduced when fiscal
resources were scarce or, more recently, because of concerns
about a possible risk of inflation. The implementation of
the stimulus package has required a laborious transition to
remove bottlenecks to faster public spending, sometimes at
the risk of affecting the mechanisms that help ensure the
quality of public expenditures. The Peruvian authorities
have been able to accelerate public investments in
infrastructure but little thinking has been dedicated to
improving the efficiency and effectiveness of such
investments. The report concludes that Peru should focus
on: prioritizing infrastructure investments through
improved planning, promoting efficiency in infrastructure
delivery, enhancing sub-national governments' capacity
with respect to infrastructure, and leveraging the
participation of the private sector.
Citation
“World Bank. 2010. Peru - Recent Economic Development in Infrastructure : Volume1. Investing in Infrastructure as an Engine for Growth - Spending More, Faster and Spending Better. © Washington, DC. http://openknowledge.worldbank.org/entities/publication/63ab6e58-1ed0-5819-9840-b98f2cd49aa9 License: CC BY 3.0 IGO.”