Making the Most of Public Investment in Colombia

Working Effectively across Levels of Government

image of Making the Most of Public Investment in Colombia

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.



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.


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