Publication:
Peru : Revamps its Public Investment System

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dc.contributor.authorFrank, Jonas
dc.contributor.authorGuerra-Garcia, Gustavo
dc.date.accessioned2014-12-31T16:06:01Z
dc.date.available2014-12-31T16:06:01Z
dc.date.issued2013
dc.description.abstractThis chapter assesses the advances and challenges of public investment management (PIM) in Peru. A National Public Investment System was created parallel to other administrative systems and Budgeting reforms. While the country endeavors to improve efficiency in infrastructure spending, several simultaneous reforms have challenged the system and its operation. An ensuing decentralization process, which since 2002 has shifted responsibilities for execution of public investment to subnational governments, created the need for coordination. A new framework for public; private investments meant a new set of rules and regulations was needed. These changes occurred in a period of high and sustained economic growth which provides substantially more resources to executing agencies, thereby challenging execution capacity at all levels of government. At the same time, transfers from natural resources have created spending inequities in a considerable share of subnational governments. These factors together represent a significant challenge in light of uneven institutional capacities across many steps of the investment cycle. In the country s quest to improve public investments pending and outcomes on the ground, it seems worthwhile to proceed in a strategic fashion. In light of the emerging global experience, and given Peru s advances, it seems suitable to focus attention on the following areas: strengthen basic capacities, particularly in human resources; emphasize a strengthening of the implementation stage, particularly with regard to procurement reforms; strengthen coordination across levels of government by mobilizing national and subnational resources towards shared goals; further align processes in Results- based Budgeting (Presupuestopor Resultados) and multi-year programming; and strengthen the demand side from end-users of services.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/01/23069018/peru-revamps-public-investment-system
dc.identifier.doi10.1596/21051
dc.identifier.urihttps://hdl.handle.net/10986/21051
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectASSURANCE
dc.subjectBENEFICIARIES
dc.subjectBIDDERS
dc.subjectBONDS
dc.subjectBROKERS
dc.subjectBUDGETING
dc.subjectDEBT
dc.subjectDECENTRALIZATION
dc.subjectDEFICITS
dc.subjectDISTRICT
dc.subjectELECTRICITY
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectGOVERNORS
dc.subjectHOUSING
dc.subjectINSTRUMENT
dc.subjectINVESTMENT MANAGEMENT
dc.subjectLEVY
dc.subjectLOAN
dc.subjectMAYORS
dc.subjectMUNICIPALITIES
dc.subjectPENSION
dc.subjectPORTS
dc.subjectPROFITABILITY
dc.subjectPROVINCES
dc.subjectPUBLIC
dc.subjectPUBLIC INVESTMENT
dc.subjectREINVESTMENT
dc.subjectRESERVE
dc.subjectROADS
dc.subjectSUBNATIONAL
dc.subjectTAX
dc.subjectTRANSACTION
dc.subjectTRANSPARENCY
dc.titlePeru : Revamps its Public Investment Systemen
dspace.entity.typePublication
okr.date.disclosure2014-12-23
okr.date.doiregistration2025-05-07T08:38:52.148432Z
okr.doctypeEconomic & Sector Work::Public Investment Review
okr.docurlhttp://documents.worldbank.org/curated/en/2013/01/23069018/peru-revamps-public-investment-system
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid955481468321539635
okr.identifier.externaldocumentum000333037_20141223002830
okr.identifier.internaldocumentum23069018
okr.identifier.report93360
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/12/23/000333037_20141223002830/Rendered/PDF/933600WP0P120000PUBLIC000Peru0Final.pdfen
okr.region.administrativeLatin America and Caribbean
okr.region.countryPeru
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicMacroeconomics and Economic Growth::Subnational Economic Development
okr.topicFinance and Financial Sector Development::Non Bank Financial Institutions
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPublic Sector Economics
okr.topicPublic Sector Development
okr.unitGovernance - GP (GGODR)
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