Moldova & IMF IMF Activities Publications Press Releases


Public Investment and Public-Private Partnerships

Series: Economic Issues No. 40

Author/Editor: Akitoby, Bernardin | Hemming, Richard | Schwartz, Gerd
Electronic Access: Full Text (PDF file size is 203KB)

Summary: Over the past three decades, public spending on infrastructure, as a share of GDP, has been on the decline worldwide. Although the link between infrastructure investment and economic growth is not yet fully understood, the quality of infrastructure clearly affects a country's productivity, competitiveness in export markets, and ability to attract foreign investment. This EI explores the following questions: Should countries increase public investment in infrastructure? If the answer is yes, how can they do so in a fiscally responsible manner? Are public-private partnerships a viable alternative?