Why does Brazil continue to lag itspeers in the quality of physical infrastructure? What arethe implications for growth prospects? What could be done toclose the infrastructure gap? These are the key questionsaddressed in this new report on infrastructure in Brazil.The key argument of the report is that Brazil needs toimprove its capacity to plan and prioritize itsinfrastructure investments. Poorly prioritized and preparedinfrastructure investments are a key reason why successivegovernment programs, often with significant budgetallocations, have had limited impact. Insufficient planningefforts have meant that what investment takes place has donelittle to reduce glaring inefficiencies and losses. Withmore efforts upstream to prepare a robust pipeline ofprojects, Brazil is in an excellent position to attractcommercial financing to its infrastructure. With moreattention to sector planning and governance, losses could bereduced and the effective resources available toinfrastructure could be roughly doubled. This in turn wouldhelp boost growth and improve the quality of public serviceswithout the need for much additional public money. Thereport analyzes recent government measures such as thecreation of the PPI and develops recommendations howinfrastructure can become an engine of economic recovery in Brazil.
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