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Honduras - Reforming public investment and the infrastructure sectors : a joint World Bank and Inter-American Development Bank study (英语)

"Reforming public investment and the infrastructure sectors" is a report based on the findings of a visit to Honduras in December 1994. High levels of public investment (PI), low levels of savings and an inefficient system of regulation for the provision of infrastructure services constitute a key obstacle to macroeconomic stability and growth in Honduras. Public investment is high because the state has replaced private investment by monopolizing key economic areas and by regulating these areas in ways that restrict or prevent private participation and competition. The role of the state is thus to be redefined in a way that allows the economy to rely more on the market for efficiency and on the private sector for financing. A successful reform of PI and the provision of infrastructure, therefore, needs to confront three key issues: 1) lack of strategy in PI programming and procedural weaknesses in PI implementation; 2) inefficiency and obsolescence of the regulatory framework for the provision of infrastructure services - it combines excessive control over areas which require autonomy, with lack of regulation over areas of public interest that require oversight; and 3) need of an explicit strategy for poverty reduction to be developed in order to guide investment in infrastructure for the social sectors.


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    Honduras - Reforming public investment and the infrastructure sectors : a joint World Bank and Inter-American Development Bank study

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    population with access to water;provision of infrastructure service;central american bank for economic integration;housing need;medium term expenditure framework;economic and social policy;distortions in resource allocation;long run marginal cost;macroeconomic stability and growth;management of public service;lack of competition;private investment;expansion of coverage;tariff setting procedures;education and health;system of subsidy;public investment proposals;maintenance of infrastructure;small scale infrastructure;cost recovery policy;bricks and mortar;Agriculture and Finance;per capita term;data on poverty;local telephone service;safety net mechanism;lack of regulation;social investment fund;public investment program;construction of classroom;infrastructure service provision;projection of expenditure;transfer of ownership;water and sewerage;source of revenue;degree of competition;regulation of infrastructure;provision of service;fuel tax rate;efficiency of infrastructure;cost of maintenance;access to telephone;Higher Education;approval process;macroeconomic instability;fiscal deficit;administrative cost;infrastructure provision;