Public Information Notice: IMF Executive Board Holds Follow Up Meeting on Public Investment and Fiscal Policy
May 27, 2005

Public Investment and Fiscal Policy - Lessons from the Pilot Country Studies, April 1, 2005

Government Guarantees and Fiscal Risk, April 1, 2005

Public Information Notice: IMF Executive Board Holds Informal Seminar on Public Investment and Fiscal Policy, April 24, 2004

Public Investment and Fiscal Policy, March 12, 2004

Public-Private Partnerships, March 12, 2004

Public Investment and Fiscal Policy—Summaries of the Pilot Country Studies

Prepared by the Fiscal Affairs Department
In consultation with other departments, the World Bank,and the Inter-American Development Bank

Approved by Teresa Ter-Minassian

April 1, 2005

Use the free Adobe Acrobat Reader to view the PDF file (175 Kb)

Contents
I.   Introduction
II.   Brazil
  A.   Macroeconomic Background
  B.   Fiscal Adjustment and Public Investment
  C.   Options to Increase Public Investment
  D.   Improving the Quality of Public Investment
  E.   Coverage of Fiscal Indicators
  F.   Private Investment and Recent Progress with PPP Legislation
III.   Chile
  A.   Background
  B.   The Concessions Program
  C.   Institutional Framework
  D.   Fiscal Transparency
  E.   Assessment
IV.   Colombia
  A.   Background
  B.   Public Investment and Infrastructure
  C.   Public-Private Partnerships
  D.   Nonfinancial Public Enterprises
V.   Ethiopia
  A.   Public Investment Trends and Infrastructure Needs
  B.   Fiscal Strategy and Debt Sustainability
  C.   Impact of Fiscal Restraint and Adjustment on Public Investment
  D.   Institutional Capacity to Appraise and Manage Infrastructure Projects
  E.   Coverage of Nonfinancial Public Enterprises in Fiscal Indicators
VI.   Ghana
  A.   Recent Fiscal Developments, Public Investment, and Infrastructure Needs
  B.   Coverage of Fiscal Indicators
  C.   Analytical Framework
  D.   Institutional Capacity to Appraise and Manage Investment Projects
VII.   India
  A.   Fiscal Developments and Infrastructure Investment Trends
  B.   Public Investment Options
  C.   Private Sector Participation
VIII.   Jordan
  A.   Background
  B.   Public Investment Trends and Infrastructure Needs
  C.   Institutional Capacity to Appraise and Manage Investment Projects
  D.   Coverage of Fiscal Indicators
  E.   Analytical Framework
  F.   Conclusions
IX.   Peru
  A.   Public Investment Trends
  B.   Public Enterprises
  C.   Public-Private Partnerships