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Public Investment Management : Where the Need Is Great (English)

A government’s provision of complementary public goods, such as roads and bridges, facilitates the development of markets leading to long-term economic growth. Private enterprise, by itself, is unlikely to provide such public works. Likewise,a government’s investment in social infrastructure, such as education and health, is critical, particularly for conflict-ridden populations deprived of adequate services as a result of war and violence. Scaling-up of public investment is also central to the development objectives of developing countries,particularly those left with rudimentary or badly damaged infrastructure from conflict and violence. This Governance Note offers lessons learned and responds to some of the questions often faced by World Bank teams when addressing infrastructure and public investment management (PIM) deficiencies in fragility, conflict, and violence (FCV) situations. Questions include: Is PIM in FCV different from other contexts? How can weak PIM capacity be addressed? What are thepossible PIM starting points for spurring economic growth?

Details

  • Author

    Cuvillier,Emmanuel F., Chaouali,Rafika, Mroczka,Fabienne

  • Document Date

    2019/03/01

  • Document Type

    Brief

  • Report Number

    135140

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region,

  • Disclosure Date

    2019/03/12

  • Disclosure Status

    Disclosed

  • Doc Name

    Public Investment Management : Where the Need Is Great

  • Keywords

    Fragile and Conflict-Affected Situations; operation and maintenance expenditure; Fragility, Conflict, and Violence; project monitoring and evaluation; infrastructure and service delivery; source of financing; Finance for Development; conflict and violence; procedures for public; public investment management; quality of public; provisions in contract; fiduciary risk management; provision of good; data gathering system; operations and maintenance; Public Financial Management; governance and institutions; PIM Diagnostic Tool; evaluation of results; public investment portfolio; lack of accountability; global governance; road and bridges; Promoting Private Sector; long-term economic growth; development of market; quality of investment; governance framework; project selection; Capital Investments; ppp governance; social contract; scarce resource; social infrastructure; cost-benefit analysis; registration process; capital expenditure; fiscal affordability; development partner; common feature; creating job; procurement process; project identification; capital budget; federal government; donor community; budget cycle; expenditure efficiency; donor financing; management function; demographic change; rising inequality; budgetary accounting; historical growth; sustainable system; legal framework; effective systems; regular monitoring; planning capacity; local capacity; domestic financing; government capital; strategic allocation; planning activity; increasing investment; procedure manual; cumbersome procedures; management weaknesses; investment expenditure; project execution; ppp operation; illicit financial; limited resources; community involvement; risk analysis; institutional improvement; public fund; operational risk; local jobs; local entrepreneur; public distrust; market access; local content; improving infrastructure; public meeting; affected communities; public official; security challenge; market failure; government action; macro level; procurement system; budget system; financing tool; independent budget; Violent Conflict; investment choice; professional planner; Public Services; reform process; long-term sustainability; government priority; central unit; human capacity; process use; donor assistance; financial information; Procurement for Projects; governmental capacity; virtuous cycle; financial resource; government communications; risk assessment; ongoing conflicts; selection criterion; budget envelope; stabilization purpose; public authority; public concern; government responsiveness; stakeholder participation; social auditing; citizen engagement; inequitable access; affected country; financial challenge; adequate services; public education; capacity constraint; business process; peace agreement; financing source; private enterprise; public good; cross border; security situation; core functions; human capital; governance capacity; physical asset; fiscal space; public funding; national strategy; social consensus; basic infrastructure; donor funding; procurement capacity; insufficient funding; asset register; public resource; development vision; Public Goods

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Citation

Cuvillier,Emmanuel F. Chaouali,Rafika Mroczka,Fabienne

Public Investment Management : Where the Need Is Great (English). Governance Notes,no.13 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/578071552043586171/Public-Investment-Management-Where-the-Need-Is-Great