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

42 Pages Posted: 9 Dec 2016

See all articles by Valerie Cerra

Valerie Cerra

International Monetary Fund (IMF)

Alfredo Cuevas

International Monetary Fund (IMF)

Carlos Góes

International Monetary Fund (IMF)

Izabela Karpowicz

International Monetary Fund (IMF)

Troy Matheson

Government of New Zealand - Department of Economics

Issouf Samaké

International Monetary Fund (IMF)

Svetlana Vtyurina

International Monetary Fund (IMF)

Date Written: September 2016

Abstract

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.

Keywords: Infrastructure, Latin America, Caribbean, Transportation, Electricity, Energy, Communications services, Fiscal policy, Public investment, Public-private partnership, Private sector, Environmental sustainability, Cross country analysis, Latin America and the Caribbean, infrastructure, public investment, investmentefficiency, public-private partnerships.

JEL Classification: H54, H57, G23, N76, C33

Suggested Citation

Cerra, Valerie and Cuevas, Alfredo and Góes, Carlos and Karpowicz, Izabela and Matheson, Troy and Samaké, Issouf and Vtyurina, Svetlana, Highways to Heaven: Infrastructure Determinants and Trends in Latin America and the Caribbean (September 2016). IMF Working Paper No. 16/185. Available at SSRN: https://ssrn.com/abstract=2882623

Valerie Cerra (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States
202-623-8596 (Phone)

Alfredo Cuevas

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Carlos Góes

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Izabela Karpowicz

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Troy Matheson

Government of New Zealand - Department of Economics ( email )

2 The Terrace
P.O. Box 2498
Wellington
New Zealand

Issouf Samaké

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Svetlana Vtyurina

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
71
Abstract Views
378
rank
329,024
PlumX Metrics