OECD Multi-level Governance Studies

2414-679X (online)
2414-6781 (print)
Hide / Show Abstract

Governments at all levels are increasingly required to do more and better with less. They are searching for solutions to improve the quality of public services, the effectiveness of public investment and the fiscal sustainability of public finances. To meet these challenges, co-ordination arrangements between national, regional and local governments, as well as across jurisdictions, are needed, along with subnational capacity building. Countries are also seeking guidance in making decentralisation and territorial reforms happen. This series is part of a larger body of OECD work on regional development and provides international benchmarks based on statistics, analysis and good practices.

Making the Most of Public Investment in Colombia

Making the Most of Public Investment in Colombia

Working Effectively across Levels of Government You do not have access to this content

Click to Access: 
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/urban-rural-and-regional-development/making-the-most-of-public-investment-in-colombia_9789264265288-en
  • READ
13 Oct 2016
9789264265288 (PDF) ;9789264265271(print)

Hide / Show Abstract

This study examines the multi-level governance framework for public investment in Colombia. It provides a diagnosis of the strengths and challenges of the Colombian system and includes comparative data and a set of benchmarks to promote exchange of good practices and promote learning. It makes recommendations for how to further improve the system, make more effective use of existing resources and catch up to OECD countries in terms of infrastructure development . The review also suggests a set of indicators against which Colombia can measure its progress.

loader image

Expand / Collapse Hide / Show all Abstracts Table of Contents

  • Mark Click to Access
  • Foreword and Acknowledgements

    Public investment is a shared responsibility across different levels of government – national, regional and local – which makes its governance particularly complex. In today’s tight fiscal environment, making the most of public investment across levels of government is more crucial than ever. National governments have an important role to play in establishing the framework conditions needed to better select and implement sound infrastructure projects. Subnational governments also play a specific role, although this is often neglected in the literature. Subnational governments – defined as all levels of government below the national one, i.e. administrative regions, states/provinces, counties and municipalities – are responsible for a large share of public investment: on average, around 60% in the OECD. Most of this public investment goes to infrastructure.

  • Reader's guide
  • Acronyms and abbreviations
  • Executive summary
  • Assessment and recommendations
  • Sustaining increased public investment in Colombia

    Colombia has made major economic and social progress in recent years. The improved macroeconomic and fiscal conditions have created an environment favourable to both private and public investment. Contrary to the trend in most OECD countries, public investment has increased quite substantially in Colombia, in particular since 2010. It has been driven both by central and subnational governments. This first chapter provides a picture of the trends in public investment at the national and subnational levels in Colombia and the challenges linked to regional disparities. Chapters 2, 3 and 4 will further explore how to find new sources of funding for investment and how to strengthen the governance of the system.

  • Financing subnational investment in Colombia

    Subnational governments have been playing an increasing role in public investment since the decentralisation and royalties reforms. Colombia has significantly improved its overall framework conditions for public investment over the past two decades. Jointly with these efforts to strengthen fiscal stability, Colombia has made significant efforts to promote the allocation of national resources for investment in a more inclusive way. However, challenges linked to fiscal disparities across territories remain high. In addition, because of constraints on revenue, subnational governments have little autonomy regarding how and where to invest. This chapter focuses on the financing system for subnational investment and ways to strengthen it. It is thus particularly connected to the third pillar of the OECD Recommendation of the Council on Effective Public Investment.

  • Achieving strategic vertical and horizontal investment co-ordination in Colombia

    Colombia has developed a sophisticated planning framework to guide investment priorities, at both the national and subnational levels. The challenges lie in the effective implementation of the plans and their links with budgeting. These limitations have been tackled seriously and several reforms to improve the implementation of these plans are currently being put in place. Supporting a more strategic approach to public investment requires moving away from a strict project-based approach. This implies greater horizontal co-operation across jurisdictions to invest at the relevant scale, and improved vertical co-ordination with the national government, to foster matching investment schemes and aligning priorities. This chapter will focus on ways to strengthen co-ordination across sectors, jurisdictions and levels of government, which corresponds to the first pillar of the OECD Recommendation of the Council on Effective Public Investment across Levels of Government.

  • Strengthening subnational capacities for effective public investment in Colombia

    The second pillar of the OECD Principles for Effective Public Investment across Levels of Government focuses on the required capacities for an efficient public investment and on the means to strengthen them. Capacity building for subnational public investment goes beyond a narrow approach restricted to human resources management or workforce improvement activities. The low level of capacities in more than two-thirds of Colombian jurisdictions is probably one of the most important bottlenecks for effective public investment. This chapter will illustrate the rationale on strengthening capacities, address the current levers to support subnational capacities in Colombia, and identify and develop policy recommendations to go further in this area.c

  • Indicators for multi-level governance of public investment in Colombia
  • Add to Marked List
Visit the OECD web site