LEADER 03566oam 22004815 450 001 9910796047503321 005 20230929194725.0 024 7 $a10.1596/978-1-4648-1101-2 035 $a(CKB)3710000001576682 035 $a(MiAaPQ)EBC4926037 035 $a(The World Bank)211101 035 $a(US-djbf)211101 035 $a(EXLCZ)993710000001576682 100 $a20020129d2017 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aRethinking Infrastructure in Latin America and the Caribbean $eSpending Better to Achieve More /$fMarianne Fay 210 1$aWashington, D.C. :$cThe World Bank,$d2017. 215 $a1 online resource (134 pages) 225 0 $aDirections in Development; Directions in Development - Infrastructure. 311 $a1-4648-1101-6 311 $a1-4648-1102-4 320 $aIncludes bibliographical references at the end of each chapters. 330 3 $aLatin America and the Caribbean (LAC) does not have the infrastructure it needs, or deserves, given its income. Many argue that the solution is to spend more; by contrast, this report has one main message: Latin America can dramatically narrow its infrastructure service gap by spending efficiently on the right things. This report asks three questions: what should LAC countries' goals be? How can these goals be achieved as cost-effectively as possible? And who should pay to reach these goals? In doing so, we drop the 'infrastructure gap' notion, favoring an approach built on identifying the 'service gap'. Benchmarking Latin America in this way reveals clear strengths and weaknesses. Access to water and electricity is good, with the potential for the region's electricity sector to drive competitive advantage; by contrast, transport and sanitation should be key focus areas for further development. The report also identifies and analyses some of the emerging challenges for the region-climate change, increased demand and urbanization-that will put increasing pressure on infrastructure and policy makers alike. Improving the region's infrastructure performance in the context of tight fiscal space will require spending better on well identified priorities. Unlike most infrastructure diagnostics, this report argues that much of what is needed lies outside the infrastructure sector - in the form of broader government issues-from competition policy, to budgeting rules that no longer solely focus on controlling cash expenditures. We also find that traditional recommendations continue to apply regarding independent, well-performing regulators and better corporate governance, and highlight the critical importance of cost recovery where feasible and desirable, as the basis for future commercial finance of infrastructure services. Latin America has the means and potential to do better; and it can do so by spending more efficiently on the right things. 410 0$aWorld Bank e-Library. 606 $aInfrastructure (Economics)$zLatin America 606 $aInfrastructure (Economics)$zCaribbean Area 607 $aCaribbean Area$2fast 607 $aLatin America$2fast 615 0$aInfrastructure (Economics) 615 0$aInfrastructure (Economics) 676 $a363.098 700 $aFay$b Marianne$01499471 702 $aFay$b Marianne 801 0$bDJBF 801 1$bDJBF 906 $aBOOK 912 $a9910796047503321 996 $aRethinking Infrastructure in Latin America and the Caribbean$93807965 997 $aUNINA