Public Investment Management in Latin America and the Caribbean : Institutions under Evolution
Over recent decades many countries of the Latin America region have set up specialized processes and mechanisms for public investment management. Initially created as isolated systems, they are now being further integrated with enhanced budgeting p...
| Main Author: | |
|---|---|
| Format: | Public Investment Review |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/01/23068420/public-investment-management-latin-america-caribbean-institutions-under-evolution http://hdl.handle.net/10986/21053 |
| id |
okr-10986-21053 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-210532021-04-23T14:04:00Z Public Investment Management in Latin America and the Caribbean : Institutions under Evolution Frank, Jonas ASSURANCE BANKS BORROWING BUDGETING CREDIBILITY DEBT DECENTRALIZATION DEVELOPMENT BANK ECONOMICS ELECTRICITY EQUALIZATION EXPENDITURE EXPENDITURES EXPLOITATION FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS INFORMATION SYSTEMS INVESTMENT MANAGEMENT LATRINE MINISTRIES OF FINANCE MUNICIPALITIES PUBLIC PUBLIC INVESTMENT REGULATORY CAPACITIES ROADS SUBNATIONAL GOVERNMENTS TELECOMMUNICATIONS TRANSPARENCY TREASURY Over recent decades many countries of the Latin America region have set up specialized processes and mechanisms for public investment management. Initially created as isolated systems, they are now being further integrated with enhanced budgeting processes and financial management systems. In this process, Ministries of Finance and planning entities have emerged as the two key agencies taking on critical functions in the investment cycle. The on-going consolidation of institutional arrangements is being challenged through the increasing involvement of subnational governments, not least since they also are increasingly promoting PPP arrangements that require considerable regulatory capacities. More recently, countries are promoting results-oriented management and multi-year planning which can provide new impetus to strengthen public investment management. This is required as infrastructure gaps remain significant across urban and rural areas, and further efforts are required to enhance expenditure efficiency at both national and subnational levels of government. In the future, increased attention and asymmetric treatment of subnational governments is required to address the existing and possibly widening infrastructure gaps in light of uneven capacities. 2014-12-31T16:11:47Z 2014-12-31T16:11:47Z 2013 http://documents.worldbank.org/curated/en/2013/01/23068420/public-investment-management-latin-america-caribbean-institutions-under-evolution http://hdl.handle.net/10986/21053 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Economic & Sector Work :: Public Investment Review Latin America & Caribbean Caribbean Latin America |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ASSURANCE BANKS BORROWING BUDGETING CREDIBILITY DEBT DECENTRALIZATION DEVELOPMENT BANK ECONOMICS ELECTRICITY EQUALIZATION EXPENDITURE EXPENDITURES EXPLOITATION FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS INFORMATION SYSTEMS INVESTMENT MANAGEMENT LATRINE MINISTRIES OF FINANCE MUNICIPALITIES PUBLIC PUBLIC INVESTMENT REGULATORY CAPACITIES ROADS SUBNATIONAL GOVERNMENTS TELECOMMUNICATIONS TRANSPARENCY TREASURY |
| spellingShingle |
ASSURANCE BANKS BORROWING BUDGETING CREDIBILITY DEBT DECENTRALIZATION DEVELOPMENT BANK ECONOMICS ELECTRICITY EQUALIZATION EXPENDITURE EXPENDITURES EXPLOITATION FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS INFORMATION SYSTEMS INVESTMENT MANAGEMENT LATRINE MINISTRIES OF FINANCE MUNICIPALITIES PUBLIC PUBLIC INVESTMENT REGULATORY CAPACITIES ROADS SUBNATIONAL GOVERNMENTS TELECOMMUNICATIONS TRANSPARENCY TREASURY Frank, Jonas Public Investment Management in Latin America and the Caribbean : Institutions under Evolution |
| geographic_facet |
Latin America & Caribbean Caribbean Latin America |
| description |
Over recent decades many countries of
the Latin America region have set up specialized processes
and mechanisms for public investment management. Initially
created as isolated systems, they are now being further
integrated with enhanced budgeting processes and financial
management systems. In this process, Ministries of Finance
and planning entities have emerged as the two key agencies
taking on critical functions in the investment cycle. The
on-going consolidation of institutional arrangements is
being challenged through the increasing involvement of
subnational governments, not least since they also are
increasingly promoting PPP arrangements that require
considerable regulatory capacities. More recently, countries
are promoting results-oriented management and multi-year
planning which can provide new impetus to strengthen public
investment management. This is required as infrastructure
gaps remain significant across urban and rural areas, and
further efforts are required to enhance expenditure
efficiency at both national and subnational levels of
government. In the future, increased attention and
asymmetric treatment of subnational governments is required
to address the existing and possibly widening infrastructure
gaps in light of uneven capacities. |
| format |
Economic & Sector Work :: Public Investment Review |
| author |
Frank, Jonas |
| author_facet |
Frank, Jonas |
| author_sort |
Frank, Jonas |
| title |
Public Investment Management in Latin America and the Caribbean : Institutions under Evolution |
| title_short |
Public Investment Management in Latin America and the Caribbean : Institutions under Evolution |
| title_full |
Public Investment Management in Latin America and the Caribbean : Institutions under Evolution |
| title_fullStr |
Public Investment Management in Latin America and the Caribbean : Institutions under Evolution |
| title_full_unstemmed |
Public Investment Management in Latin America and the Caribbean : Institutions under Evolution |
| title_sort |
public investment management in latin america and the caribbean : institutions under evolution |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2013/01/23068420/public-investment-management-latin-america-caribbean-institutions-under-evolution http://hdl.handle.net/10986/21053 |
| _version_ |
1764447630805434368 |