Infrastructure in Latin America and the Caribbean Recent Developments and Key Challenges

• Main Authors: Fay, Marianne, Morrison, Mary
• Format: eBook Book
• Language: English
• Published: Herndon World Bank Publications 2006; The World Bank; Washington, DC: World Bank
• Edition: 1
• Series: Directions In Development - Infrastructure
• Subjects: ACCESS TO SAFE WATER; ACCOUNTING; ACCOUNTING FRAMEWORK; AIRPORTS; Area studies; AUTONOMY; BLOCK TARIFF; BLOCK TARIFFS; BOND ISSUE; BONDS; BOTTLENECKS; CAPACITY BUILDING; Caribbean; Caribbean Area; CELLULAR TELEPHONES; CONCESSION; CONCESSIONAIRES; CONCESSIONS; CONSOLIDATION; CONTRACT DESIGN; COST OF CAPITAL; COST RECOVERY; CURRENT EXPENDITURES; DEBT SERVICE; DECENTRALIZATION; DISTRIBUTION LOSSES; DRAINAGE; DRIVING; Economic development; ECONOMIC GROWTH; ECONOMIC INFRASTRUCTURE; ECONOMICS; ELECTRIC POWER; ELECTRICITY; ELECTRICITY DISTRIBUTION; ELECTRICITY GENERATION; ELECTRICITY SERVICES; ELECTRICITY TARIFF; ELECTRICITY TARIFFS; EMERGING MARKETS; EXCESSIVE PROFITS; FINANCE INFRASTRUCTURE; FINANCIAL INSTITUTIONS; FINANCIAL MANAGEMENT; FINANCIAL MARKETS; FISCAL BALANCE; FOREIGN EXCHANGE; GENERATION CAPACITY; GOVERNMENT SECURITIES; GROSS DOMESTIC PRODUCT; GROWTH IN DEMAND; GROWTH RATES; Infrastructure (Economics); INFRASTRUCTURE ASSETS; INFRASTRUCTURE COSTS; INFRASTRUCTURE FINANCE; INFRASTRUCTURE FINANCING; INFRASTRUCTURE INVESTMENT; INFRASTRUCTURE INVESTMENTS; INFRASTRUCTURE PROJECTS; INFRASTRUCTURE PROVISION; INFRASTRUCTURE REFORM; INFRASTRUCTURE SERVICES; INFRASTRUCTURE SPENDING; INSURANCE; INSURANCE COMPANIES; INTERNATIONAL FINANCE; INVESTMENT CLIMATE; Latin America; LATIN AMERICAN; LAWS; LICENSES; LOCAL CURRENCY FINANCING; LOCAL GOVERNMENTS; MITIGATION MECHANISMS; MUNICIPAL FINANCE; NEIGHBORHOODS; O&M; OPPORTUNISTIC BEHAVIOR; PENSION FUNDS; PENSIONS; POPULATION DENSITY; PORT CONCESSIONS; POWER DISTRIBUTION; PRICE CAP; PRICE CAP REGULATION; PRICE INCREASES; PRIVATE OPERATORS; PRIVATE SECTOR; PRIVATE SECTOR PARTICIPATION; PRIVATIZATION; PRIVATIZATION MODEL; PRODUCTIVITY; PROPERTY RIGHTS; PUBLIC; PUBLIC DEBT; PUBLIC EXPENDITURES; PUBLIC INFRASTRUCTURE; PUBLIC INVESTMENT; PUBLIC INVESTMENT IN INFRASTRUCTURE; PUBLIC INVESTMENTS; PUBLIC INVOLVEMENT; PUBLIC PERCEPTIONS; PUBLIC SECTOR; PUBLIC SERVICES; RAIL; RAIL COMPANIES; RAIL SERVICES; RENEGOTIATION PROCESS; RETRENCHMENT; RISK MANAGEMENT; RISK MITIGATION; ROAD; ROAD NETWORK; ROUTES; RURAL ROADS; SAFETY; SAFETY NETS; SANITATION; SANITATION SECTOR; SOCIAL SERVICES; SOUTH AMERICA; SOVEREIGN RISK; STOCKS; SUBNATIONAL GOVERNMENTS; SUBSIDIARY; TARIFFS FOR WATER; TAX; TAX COLLECTION; TECHNICAL ASSISTANCE; TELECOMMUNICATIONS; TRAILS; TRANSPARENCY; URBAN GROWTH; URBAN POVERTY; URBAN TRANSPORT; URBANIZATION; UTILITIES; WAGES; WATER TARIFFS; WATER UTILITIES; O& M; REGULATION; INFRASTRUCTURE FINANCING; INFRASTRUCTURE COSTS; ROAD; PPI (PRIVATE PARTICIPATION IN INFRASTRUCTURE); FINANCE INFRASTRUCTURE; TELECOMMUNICATIONS; INFRASTRUCTURE REFORM; SANITATION; FINANCING; INFRASTRUCTURE INVESTMENT; TRANSPORT; RURAL ROADS; INFRASTRUCTURE; LATIN AMERICA; INFRASTRUCTURE PROJECTS; ELECTRICITY; FISCAL SPACE; WATER
• ISBN: 9780821366769; 0821366769
• DOI: 10.1596/978-0-8213-6676-9

This book reviews Latin America's experience with infrastructure reform over the last fifteen years. It argues that the region's infrastructure has suffered from public retrenchment and unrealistic expectations about private involvement. Poor infrastructure now hampers productivity, growth, and poverty reduction. Addressing this requires more and better spending, and acceptance that governments remain central to infrastructure provision and supervision, although the private sector still has an important role to play.