Book

Rethinking Infrastructure in Latin America and the Caribbean : Spending Better to Achieve More

Show simple item record

collection.link.336
https://openknowledge.worldbank.org/handle/10986/32464
collection.name.336
Directions in Development
dc.contributor.author
Fay, Marianne
dc.contributor.author
Andres, Luis Alberto
dc.contributor.author
Fox, Charles
dc.contributor.author
Narloch, Ulf
dc.contributor.author
Straub, Stephane
dc.contributor.author
Slawson, Michael
dc.date.accessioned
2017-07-18T14:56:36Z
dc.date.available
2017-07-18T14:56:36Z
dc.date.issued
2017-07-18
dc.date.lastModified
2021-04-23T14:04:45Z
dc.description.abstract
Latin America and the Caribbean (LAC) does not have the infrastructure it needs, or deserves, given its income. Many argue that the solution is to spend more; by contrast, this report has one main message: Latin America can dramatically narrow its infrastructure service gap by spending efficiently on the right things. This report asks three questions: what should LAC countries’ goals be? How can these goals be achieved as cost-effectively as possible? And who should pay to reach these goals? In doing so, we drop the ‘infrastructure gap’ notion, favoring an approach built on identifying the ‘service gap’. Benchmarking Latin America in this way reveals clear strengths and weaknesses. Access to water and electricity is good, with the potential for the region’s electricity sector to drive competitive advantage; by contrast, transport and sanitation should be key focus areas for further development. The report also identifies and analyses some of the emerging challenges for the region—climate change, increased demand and urbanization—that will put increasing pressure on infrastructure and policy makers alike. Improving the region’s infrastructure performance in the context of tight fiscal space will require spending better on well identified priorities. Unlike most infrastructure diagnostics, this report argues that much of what is needed lies outside the infrastructure sector – in the form of broader government issues—from competition policy, to budgeting rules that no longer solely focus on controlling cash expenditures. We also find that traditional recommendations continue to apply regarding independent, well-performing regulators and better corporate governance, and highlight the critical importance of cost recovery where feasible and desirable, as the basis for future commercial finance of infrastructure services. Latin America has the means and potential to do better; and it can do so by spending more efficiently on the right things.
en
dc.identifier.isbn
978-1-4648-1101-2
dc.identifier.uri
http://hdl.handle.net/10986/27615
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Directions in Development—Infrastructure;
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
PUBLIC SPENDING EFFICIENCY
dc.subject
SERVICE GAP
dc.subject
TRANSPORT
dc.subject
URBANIZATION
dc.subject
INFRASTRUCTURE GAP
dc.subject
PROCUREMENT
dc.subject
WATER AND SANITATION
dc.subject
CLIMATE CHANGE
dc.subject
INVESTMENT GAP
dc.subject
ACCESS
dc.subject
ENERGY
dc.subject
PPPs
dc.title
Rethinking Infrastructure in Latin America and the Caribbean
en
dc.title.subtitle
Spending Better to Achieve More
en
dc.type
Book
en
okr.crossref.title
Rethinking Infrastructure in Latin America and the Caribbean: Spending Better to Achieve More
okr.date.disclosure
2017-07-18
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Publication
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-1-4648-1101-2
okr.identifier.internaldocumentum
211101
okr.identifier.report
117647
okr.imported
true
okr.language.supported
en
okr.region.administrative
Latin America & Caribbean
okr.region.geographical
Caribbean
okr.region.geographical
Central America
okr.region.geographical
Latin America
okr.region.geographical
South America
okr.topic
Transport :: Transport Economics Policy & Planning
okr.topic
Infrastructure Economics and Finance :: Infrastructure Economics
okr.topic
Infrastructure Economics and Finance :: Infrastructure Finance
okr.topic
Infrastructure Economics and Finance :: Private Participation in Infrastructure
okr.unit
GGSCE

Show simple item record



This item appears in the following Collection(s)