Writers on development organization often advocate the setting up of programing units in various government departments, each making plans for a single sector of the economy. But many governments of developing countries do not have the manpower for such ambitious spreading of rare expertise. The author suggests that it would often be wiser to concentrate available skills in a Central Projects Bureau.
Hilary Devine, Adrian Peralta-Alva, Hoda Selim, Preya Sharma, Ludger Wocken, and Luc Eyraud
The Covid-19 pandemic has aggravated the tension between large development needs in infrastructure and scarce public resources. To alleviate this tension and promote a strong and job-rich recovery from the crisis, Africa needs to mobilize more financing from and to the private sector.
The World Bank’s approach to development theory and practice has changed considerably over the 30 years of its operations. The author, who has been involved with the Bank’s work over most of this period, examines the Bank’s lending programs and policies in relation to prevalent thinking on development economics over the years.
Martin Ravallion, Brian Levy, Azizali Mohammed, Patrick Low, Rozlyn Coleman, Mr. Tamim Bayoumi, Mr. Karl Driessen, and Gregory Ingram
For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.
This paper describes modernization of ports in Peru. With the sea so predominant in the life of the country, modern ports are vital in Peru. A program has been undertaken to abandon the numerous obsolete ports served by barges and to establish a few strategically situated ports—modern, mechanized, and with terminals having direct mooring facilities. At the same time, Callao, the country’s chief port, has been improved, and specially equipped ports are being planned for fishing products.
The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx