Back to Planning : How to Close Brazil's Infrastructure Gap in Times of Austerity
Why does Brazil continue to lag its peers in the quality of physical infrastructure? What are the implications for growth prospects? What could be done to close the infrastructure gap? These are the key questions addressed in this new report on inf...
| Main Authors: | , , , , , , |
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/386151499876913758/Back-to-planning-how-to-close-Brazils-infrastructure-gap-in-times-of-austerity http://hdl.handle.net/10986/28286 |
| Summary: | Why does Brazil continue to lag its
peers in the quality of physical infrastructure? What are
the implications for growth prospects? What could be done to
close the infrastructure gap? These are the key questions
addressed in this new report on infrastructure in Brazil.
The key argument of the report is that Brazil needs to
improve its capacity to plan and prioritize its
infrastructure investments. Poorly prioritized and prepared
infrastructure investments are a key reason why successive
government programs, often with significant budget
allocations, have had limited impact. Insufficient planning
efforts have meant that what investment takes place has done
little to reduce glaring inefficiencies and losses. With
more efforts upstream to prepare a robust pipeline of
projects, Brazil is in an excellent position to attract
commercial financing to its infrastructure. With more
attention to sector planning and governance, losses could be
reduced and the effective resources available to
infrastructure could be roughly doubled. This in turn would
help boost growth and improve the quality of public services
without the need for much additional public money. The
report analyzes recent government measures such as the
creation of the PPI and develops recommendations how
infrastructure can become an engine of economic recovery in Brazil. |
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