Front Matter Page
Western Hemisphere Department
Contents
I. Introduction
II. Trends in Fixed Capital Stock and Public Capital Investment in the ECCU
Public Capital Stock
Capital Expenditure
III. Challenges in Closing the Infrastructure GAP
Enhancing Project Management
Making the Best of Existing Infrastructure
IV. Assessment Of Public Investment Management In The ECCU
Public Investment Management Assessment (PIMA) Framework
V. Conclusion
Planning Sustainable Levels of Public Investment
Allocating Public Investment to the Right Sectors and Projects
Delivering Productive and Durable Public Assets
Figures
Figure 1. 2015 Public Capital Stock per Capita
Figure 2. Measures of Infrastructure Access in 2015
Figure 3: Public Investment in ECCU Countries (nominal, percent of GDP)
Figure 4. Physical Infrastructure Efficiency in ECCU Countries
Figure 5. Capital Spending in ECCU Countries (2006–18)
Figure 6. Execution of Capital Spending in ECCU Countries (2006–18)
Figure 7. Capital Expenditure Budget and Execution in ECCU Countries
Figure 8: Stock of Committed Undisbursed Balances
Figure 9. Annual and Minimum Required Expenditure on Maintenance (2011–17)
Figure 10. Ranking of PIM Institutions by Score
Boxes
Box 1. PIMA Methodology
Box 2. PIMA Desk Study Process and Data Sources
Box 3. General Procedures for Project Proposals
Tables
Table 1. The Condition of Road Infrastructure
Table 2. Public Investment as a percentage of GDP
Table 3. Maintenance Expenditure and GDP Growth
Table 4. Summary Institutional Scores of PIM in the ECCU
Appendixes
Annex I. Public Investment Management Assessment