Infrastructure at the Crossroads Lessons from 20 Years of World Bank Experience

by World Bank

• ISBN13: 9780821366868
• ISBN10: 0821366866
• Format: Paperback
• Copyright: 2006-09-06
• Publisher: World Bank Publications

Summary

'Infrastructure at the Crossroads' brings together lessons from the last two decades of World Bank engagement in infrastructure. It analyzes trends in the Bank's infrastructure lending, describes the evolution of the external environment and the Bank's own strategic priorities, and presents lessons about project design and appraisal, poverty focus, private sector participation, environmental and social sustainability, the issue of corruption, and stakeholder communications.

Table of Contents

Foreword	ix
Acknowledgments	xi
Executive Summary	xiii
Abbreviations	xxi
Introduction	1	(10)
Objective, Scope, and Approach	1	(1)
Evolution of External Environment and Bank Responses	1	(2)
Bank Lending Trends	3	(4)
Project Performance	7	(4)
Supporting the Right Projects and Producing Results	11	(22)
Project Design	11	(6)
Cost-Benefit Analysis	17	(3)
Financial Sustainability	20	(4)
Performance Monitoring and Results Measurement	24	(2)
Continuity of Engagement	26	(7)
Reaching the Poor	33	(12)
From ``Trickle Down'' to ``Basic Needs''	33	(2)
Searching for Alternatives	35	(7)
Enabling Environment	42	(1)
Balancing Growth and Access	42	(3)
Managing Expectations About Private Sector Participation	45	(20)
Evolution of Private Financial Flows and Investments	45	(5)
Political Economy of Private Participation in Infrastructure	50	(6)
Adapting Regulation to Country Capacity	56	(3)
Allocating Risks	59	(6)
Ensuring Environmental and Social Sustainability	65	(16)
Increasing Attention to Environmental and Social Impacts and Risks	65	(6)
Finding a More Balanced Approach	71	(4)
Integrating Work on Environmental and Social Issues in the Project Cycle	75	(2)
Managing High-Profile Engagements	77	(4)
Fighting Corruption	81	(24)
Addressing Corruption in Bank-Financed Projects	82	(10)
Altering Corruption-Prone Business Models and Practices	92	(7)
Managing Extractive Industry Revenues	99	(6)
Communicating with Stakeholders	105	(10)
Growing External Scrutiny	105	(2)
Strategic Communications	107	(8)
Appendix A Infrastructure Projects Rated Highly Satisfactory by OED	115	(4)
Appendix B Infrastructure Projects Rated Highly Unsatisfactory by OED	119	(2)
Appendix C Inspection Panel Investigations of Infrastructure Projects	121	(10)
Notes	131	(2)
Index	133