The Success of Infrastructure Projects in Low-Income Countries and the Role of Selectivity [electronic resource] / Nicola Limodio
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TextPublication details: Washington, D.C., The World Bank, 2011Description: 1 online resource (35 p.)Subject(s): World Bank | Aid Effectiveness | Banks & Banking Reform | Debt Markets | Emerging Markets | Housing & Human Habitats | Infrastructure | Infrastructure Economics and Finance | Low-Income Countries | Macroeconomics and Economic Growth | Multilateral Development Banks | Project Design | Public Investment | Public Sector Corruption & Anticorruption MeasuresAdditional physical formats: Limodio, Nicola.: The Success of Infrastructure Projects in Low-Income Countries and the Role of Selectivity.Online resources: Click here to access online Abstract: This research analyzes the success of the infrastructure projects financed by the World Bank, focusing on the causal link between the quality of project implementation and its outcome. The results show that the success of infrastructure projects depends fundamentally on the quality of implementation. Although bad implementation can harm structurally solid projects, good implementation cannot make structurally weak projects successful. This leads to the conclusion that governance and selection of well-designed projects are essential for success and, in order to improve project outcomes, multilateral development banks may need to align their incentives toward this objective and invest more in governance and capacity building.
This research analyzes the success of the infrastructure projects financed by the World Bank, focusing on the causal link between the quality of project implementation and its outcome. The results show that the success of infrastructure projects depends fundamentally on the quality of implementation. Although bad implementation can harm structurally solid projects, good implementation cannot make structurally weak projects successful. This leads to the conclusion that governance and selection of well-designed projects are essential for success and, in order to improve project outcomes, multilateral development banks may need to align their incentives toward this objective and invest more in governance and capacity building.
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