Strengthening Public Investment Management in the Eastern Caribbean Currency Union: Getting more bang for the dollar!
IMF Working Papers, August 28, 2020
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- Strengthening Public Investment Management in the Eastern Caribbean Currency Union: Getting more bang for the dollar!
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Bibliographic details
- Authors: A. E. Wayne Mitchell, Ann Marie Wickham, Manuel Rosales Torres
- Published: August 28, 2020
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781513555003.001
Summary
- The quality and stock of infrastructure vary widely across countries of the Eastern Carribbean Currency Union and are inadequate to achieve the desired higher growth and social development.
- Given relatively low investment rates in the region, one solution is to invest more.
- The paper shows that governments can also narrow their infrastructure and service gaps significantly by improving expenditure efficiency and strengthening public investment management systems.
Major findings
- Wide variation in infrastructure quality and stock across ECCU countries.
- Low investment rates constrain higher growth and social development.
- Improvements in expenditure efficiency and public investment management can substantially narrow infrastructure and service gaps without solely increasing investment volumes.
Subject areas and keywords
- Subject: Capital spending; Expenditure; Infrastructure; National accounts; Public investment and public-private partnerships (PPP); Public investment spending
- Keywords: Capital spending; Caribbean; cost; ECCU country; ECCU member country; ECCU member government; efficiency gap; Expenditure Efficiency; government spending; ICT system; Infrastructure; investment; investment planning; physical capital; private sector; Public investment and public-private partnerships (PPP); Public Investment Management; Public investment spending; WP
Content in this bundle
- Working Paper