The power of public investment management : transforming resources into assets for growth

The power of public investment management : transforming resources into assets for growth / [edited] by Anand Rajaram, Kai Kaiser, Tuan Minh Le, Jay-Hyung Kim, and Jonas Frank.

Public resources - if invested well in public infrastructure and services - can catalyze private and community efforts and unleash an inclusive growth and development process. But public investment attracts political interest, usually of the kind that undermines efficiency. Too often public projects...

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Bibliographic Details
Other Authors: Rajaram, Anand
Format: eBook
Language:English
Published: Washington, DC : The World Bank, [2014]
Series:Directions in development (Washington, D.C.). Public sector governance.
Subjects:
Public investments.
BUSINESS & ECONOMICS > Finance.
Public investments
Online Access:Click for online access
Table of Contents:
  • Front Cover; Contents; Acknowledgments; About the Authors; Abbreviations; Chapter 1 Building a System for Public Investment Management; Public Investment Management: Why It Matters; Evolution of Ideas; Challenges of Today; Figure 1.1 Average Construction Project Cost and Time Overruns in Selected Countries; Drivers of Inefficient Public Investment; Figures; A Unified Framework for PIM; Applicability to Both Conventional and Public-Private Models; Figure 1.2 Deciding on Public Investment Modality in a Unified Framework; Applicability to Diverse Economic Settings; Structure of the Volume; Notes.
  • Annex 2A: Assessing the Effectiveness and Efficiency of Public Investment ManagementTable 2A Stages, Institutional Arrangements, and Diagnostic Indicators of Public Investment Management; Notes; Bibliography; Chapter 3 Country Experiences of Public Investment Management; Introduction; Country Coverage; PIM System Typologies; Table 3.1 Country Case Studies of Public Investment Management Systems by Classification and Region ; Box 3.1 The "EU Effect": Common Features of PIM in New and Prospective EU Member States; Box 3.2 Common Features of PIM in Aid-Dependent Countries.
  • Box 3.3 Common Features of PIM in Natural Resource-Dependent StatesBox 3.4 Common Features of PIM in Fragile States; Toward a Strategy for PIM System Reform; Table 3.2 Main PIM Reform Elements by Country ; Table 3.3 Main PIM Reform Priorities by Country Typology ; Notes; Bibliography; Chapter 4 Approaches to Better Project Appraisal; Introduction: The Importance of Effective Project Appraisal; Methodological Aspects of Project Appraisal; Box 4.1 Selected Project Appraisal Manuals; Box 4.2 Cost-Benefit Methods for Economic Analysis of Investment Decisions.
  • Box 4.3 Project Appraisal Guidelines in Advanced EconomiesBox 4.4 Public and Private Sector Differences in Decision Making; Box 4.5 Formal Project Appraisal in Ireland; Institutional Arrangements for Project Appraisal; Challenges in Project Appraisal; Actions for Improved Project Appraisal; Figure 4.1 Interdependencies, Overlaps, Feedbacks, and Synergies of Budget and Project Cycles; Box 4.6 Independent Review of Appraisal in Belarus and Ireland; Notes; Bibliography; Chapter 5 Public Investment Management under Uncertainty; Introduction; Understanding the Phenomenon of Risk and Uncertainty.

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