IMF Working Papers

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

By Valerie Cerra, Alfredo Cuevas, Carlos Góes, Izabela Karpowicz, Troy D Matheson, Issouf Samaké, Svetlana Vtyurina

September 15, 2016

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Valerie Cerra, Alfredo Cuevas, Carlos Góes, Izabela Karpowicz, Troy D Matheson, Issouf Samaké, and Svetlana Vtyurina. Highways to Heaven: Infrastructure Determinants and Trends in Latin America and the Caribbean, (USA: International Monetary Fund, 2016) accessed November 6, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Expenditure, Infrastructure, National accounts, Private investment, Public investment and public-private partnerships (PPP), Public investment spending, Transportation

Keywords: Asia and Pacific, Caribbean, D. financing option, Europe, Financing gap, Fiscal policy, Greenfield investment, Infrastructure, Infrastructure financing, Infrastructure investment, Inter-American Development Bank, Investment climate, Investment commitment, Investment efficiency, Investment in infrastructure, Investment route, LAC country, Latin America and the Caribbean, Management process, PPPS investment, Private investment, Private sector, Public investment, Public investment and public-private partnerships (PPP), Public investment spending, Public-private partnerships, Road infrastructure availability, Sub-Saharan Africa, Transportation, WP

Publication Details

  • Pages:

    41

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2016/185

  • Stock No:

    WPIEA2016185

  • ISBN:

    9781475536744

  • ISSN:

    1018-5941

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