Front Cover; Contents; Acknowledgments; About the Authors; Abbreviations; Chapter 1 Building a System for Public Investment Management; Public Investment Management: Why It Matters; Evolution of Ideas; Challenges of Today; Figure 1.1 Average Construction Project Cost and Time Overruns in...

This paper provides a pragmatic and objective diagnostic approach to the assessment of public investment management systems for governments. Since weaknesses in public investment management can negate the core argument that additional fiscal space allocated to public investments could enhance...

While debt-financed productive public investment raises a country's debt ratios in the short run, it can also generate higher growth, revenues, and exports, leading over time to lower debt ratios. This paper develops a framework to assess whether countries meet the conditions for realizing the...

While debt-financed productive public investment raises a country?s debt ratios in the short run, it can also generate higher growth, revenues, and exports, leading over time to lower debt ratios. This paper develops a framework to assess whether countries meet the conditions for realizing the...

This paper provides a diagnostic framework (DF) for helping governments conceptualize and develop desirable functions and institutional arrangements for public investments managed by state-owned enterprises (SOEs). The DF also extends its coverage to not-for-profit, quasi-independent government...