Highways to Heaven: Infrastructure Determinants and Trends in Latin America and the Caribbean

Valerie Cerra, Alfredo Cuevas, Carlos Góes, Izabela Karpowicz, Troy Matheson (), Issouf Samaké and Svetlana Vtyurina

No 2016/185, IMF Working Papers from International Monetary Fund

Abstract: Inadequate infrastructure has been widely viewed as a principal barrier to growth and development in Latin America and the Caribbean. This paper provides a comprehensive overview of infrastructure in the region and highlights key areas in which infrastructure networks can be enhanced. The public and private sectors play complementary roles in improving the infrastructure network. Therefore, it is critical to strengthen public investment management processes as well as the regulatory framework, including to ensure an appropriate mix of financing and funding for projects and to address environmental concerns.

Keywords: WP; private sector; Inter-American Development Bank; LAC country; fiscal policy; Latin America and the Caribbean; infrastructure; public investment; investment efficiency; public-private partnerships; infrastructure investment; management process; infrastructure financing; PPPS investment; investment route; investment in infrastructure; investment climate; D. financing option; investment commitment; greenfield investment; financing gap; road infrastructure availability; Public investment and public-private partnerships (PPP); Public investment spending; Private investment; Transportation; Asia and Pacific; Europe; Sub-Saharan Africa; Caribbean (search for similar items in EconPapers)
Pages: 41
Date: 2016-09-15
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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