Economic growth and infrastructure investment feed into each other
“In the case of Latin America and the Caribbean, the framework shows that national and sectoral planning institutions are generally in place across the region (see chart). But there are key attributes pertaining to all other aspects of the public investment process that can be improved, particularly when compared to advanced economies.
Interestingly, the region does better than other emerging markets in terms of the transparency of project appraisal, execution, and management . . . . . . . . . there are some countries in the region that stand out for their relatively good performance along these dimensions (for example, Mexico for its availability of funding and Colombia for its multiyear budgeting process).”
Izabela Karpowicz and Troy Matheson, both Senior Economists in the Southern 1 Division of the IMF’s Western Hemisphere Department, and Svetlana Vtyurina, Senior Economist and desk economist for Peru at the IMF, quoted in an article published on 9 June, 2016 at blog-dialogoafondo.org