This paper aims to analyze the fiscal sustainability (FS) of an infrastructure investment infrastructure project. This issue becomes progressively more relevant, as reinforced transport infrastructure investment, albeit being recognized as an important condition for economic growth, may drive...

This Joint Staff Advisory Note provides IMF staff’s assessment of the Moldova authorities’ first Annual Evaluation Report (AER), which covers the period from late 2004 to early 2006. Broadly, the AER provides a candid assessment of the accomplishments and shortcomings of the past...

This paper analyzes the spread of mafia in Northern Italy. In particular this study aims at showing that public funding of infrastructure attracts the transplantation of such criminal organizations. I assemble a new dataset on mafia-related crimes, which provide information at provincial level...

The aim of this paper is to analyze the main investments of PAC in Goiás, verifying the actual contributions of these investments to address the infrastructural bottlenecks in the state. The hypothesis is that the PAC investments in infrastructure are consistent and important, however, are not...