The success of infrastructure projects in low-income countries and the role of selectivity
AbstractThis research analyzes the success of the infrastructure projects financed by the World Bank, focusing on the causal link between the quality of project implementation and its outcome. The results show that the success of infrastructure projects depends fundamentally on the quality of implementation. Although bad implementation can harm structurally solid projects, good implementation cannot make structurally weak projects successful. This leads to the conclusion that governance and selection of well-designed projects are essential for success and, in order to improve project outcomes, multilateral development banks may need to align their incentives toward this objective and invest more in governance and capacity building.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 5694.
Date of creation: 01 Jun 2011
Date of revision:
Banks&Banking Reform; Debt Markets; Public Sector Corruption&Anticorruption Measures; Emerging Markets; Housing&Human Habitats;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-07-02 (All new papers)
- NEP-DEV-2011-07-02 (Development)
- NEP-PPM-2011-07-02 (Project, Program & Portfolio Management)
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