Cambridge Economic Policy Associates (CEPA) was selected to provide a training course on infrastructure finance for the State Bank of Pakistan (SBP), co-funded by the World Bank. This final report provides: an overview of the final course provided (section two); a summary of the participants...

Ukraines vast needs in infrastructure coupled with a constrained fiscal space require concerted efforts in strengthening public investment management. Investments in infrastructure are important for fostering economic growth. Translating public investments into assets crucially depends on how...

The report presented a detailed assessment of the infrastructure Public Private Partnership (PPP) financing market in Pakistan, including key financing gaps as existent in 2007. This note builds on the report by presenting an update of the state of the Pakistan infrastructure financing market as...

"The authors propose a "bottom up" approach to link public investment programs with a class of macro models recently developed to quantify Strategy Papers for Human Development (SPAHD) in low-income countries. The methodology involves establishing constant-price projections of investment outlays...

"The authors explore the relationship between fiscal rules and capital budgeting. The current budgetary approach to limit deficits to a fixed portion of GDP or to balance budgets could undermine incentives to invest in public capital with long-run returns since politicians concerned about...

This Seventh Edition of the Uganda Economic Update discusses the importance of accompanying fiscal strategy with sound public investment management systems. Indeed, a key risk to Uganda's fiscal strategy relates to the potential for public investments to fail to yield the expected growth and...