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Rethinking infrastructure in Latin America and the Caribbean : spending better to achieve more (English)

Latin America and the Caribbean 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.

Details

  • Author

    Fay,Marianne, Andres,Luis Alberto, Fox,Charles James Edward, Narloch,Ulf Gerrit, Straub,Stephane, Slawson,Michael Alan

  • Document Date

    2017/04/06

  • Document Type

    Working Paper

  • Report Number

    114110

  • Volume No

    1

  • Total Volume(s)

    2

  • Country

    Latin America,

    Caribbean,

  • Region

    Latin America & Caribbean,

  • Disclosure Date

    2017/04/19

  • Disclosure Status

    Disclosed

  • Doc Name

    Rethinking infrastructure in Latin America and the Caribbean : spending better to achieve more

  • Keywords

    infrastructure needs;operation and maintenance cost;private participation in infrastructure;public investment in infrastructure;demand for infrastructure services;access to water;public investment management;water treatment plant;modern cooking fuels;improving energy efficiency;private infrastructure investment;medium-term expenditure framework;renewable energy solution;delivery of service;independent regulatory agency;Water and Energy;exchange rate guarantee;level of performance;multilateral development bank;renewable energy source;bus rapid transit;energy efficiency programs;annual budget law;energy for all;lack of transparency;social and environmental;roads and highway;kilometers of road;prudent fiscal policy;investment in electricity;human capital accumulation;customs clearance process;wastewater treatment plant;transmission and distribution;urban transport system;direct government support;public health implications;low population density;patterns of consumption;good transport service;depth of poverty;domestic energy crisis;lack of competition;investment need;commercial financing;middle class;private investment;public-private partnership;infrastructure spending;Public Spending;water utilities;financing option;water utility;Public Utilities;freight transport;public resource;solid fuel;cash expenditure;high road;high share;Capital Investments;commercial borrowing;electricity access;water access;access gap;rural isolation;market failure;private entity;infrastructure sector;road transport;infrastructure performance;utility performance;paved road;public source;clean electricity;rural transportation infrastructure;transport investment;tender process;regional aggregates;procurement performance;targeted subsidy;transport industry;supply side;Public Transport;fiscal space;business model;flood protection;water cost;universal coverage;commodity export;water connection;land use;infrastructure access;electricity utilities;efficiency gain;electricity sector;renewable resource;average cost;high urbanization;investment framework;annual investment;infrastructure financing;causal relationship;expected growth;emerging economy;transport implication;wind sector;project risk;export credit;purchase agreement;wholesale market;demand risk;competitive industry;rail infrastructure;public partnership;international investor;Emerging economies;benchmarking exercise;passenger demand;air transport;infrastructure quality;customs procedure;greenfield investment;rail network;project finance;ppp finance;commercial finance;sewerage coverage;Energy Sector;payment guarantee;government issue;competition policy;connected household;investment level;solar sector;regulatory scheme;efficient transport;increased spending;Received Guarantee;slum dweller;public authority;port systems;environmental goal;reporting system;transport emission;increased competition;transport mode;public transportation mode;access road;project sustainability;budget rigidity;rigid budgets;budget execution;capital budget;government budgetary;logistics performance;construction industry;demand-side management;physical infrastructure;construction cost;operational efficiency;ownership structure;driving efficiency;corporate governance;fuel-efficient car;public private;land development;Housing Policy;air conditioner;infrastructure cost;traditional energy;basic access;social group;previous one;slum upgrading;pricing scheme;urban dweller;Electricity Market;electricity investment;urban expansion;flood risk;transport network;road quality;occupancy rate;sanitation system;noncommercial purposes;subsidiary right;fiscal stance;joint product;electricity network;electricity efficiency;electricity system;improved sanitation;increased demand;resource recovery;wastewater plant;grey water;project costing;extreme event;heat wave;water storage;water sector;cash revenue;investment rise;social inclusion;environmental need;concessional finance;investment efficiency;limited capacity;procurement process

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Citation

Fay,Marianne Andres,Luis Alberto Fox,Charles James Edward Narloch,Ulf Gerrit Straub,Stephane Slawson,Michael Alan

Rethinking infrastructure in Latin America and the Caribbean : spending better to achieve more (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/676711491563967405/Rethinking-infrastructure-in-Latin-America-and-the-Caribbean-spending-better-to-achieve-more