IMF Working Papers

Strengthening Public Investment Management in the Eastern Caribbean Currency Union: Getting more bang for the dollar!

ByA. E. Wayne Mitchell, Ann Marie Wickham, Manuel Rosales Torres

August 28, 2020

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A. E. Wayne Mitchell, Ann Marie Wickham, and Manuel Rosales Torres. "Strengthening Public Investment Management in the Eastern Caribbean Currency Union: Getting more bang for the dollar!", IMF Working Papers 2020, 177 (2020), accessed 11/15/2025, https://doi.org/10.5089/9781513555003.001

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Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

The quality and stock of infrastructure vary widely across countries of the Eastern Carribbean Currency Union and are inadequate to achieve the desired higher growth and social development. Given relatively low investment rates in the region, one solution is to invest more. However this paper shows that governments can also narrow their infrastructure and service gaps significantly by improving expenditure efficiency and strengthening public investment management systems.

Subject: Capital spending, Expenditure, Infrastructure, National accounts, Public investment and public-private partnerships (PPP), Public investment spending

Keywords: Capital spending, Caribbean, cost, ECCU country, ECCU member country, ECCU member government, efficiency gap, Expenditure Efficiency, government spending, ICT system, Infrastructure, investment, investment planning, physical capital, private sector, Public investment and public-private partnerships (PPP), Public Investment Management, Public investment spending, WP

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