Developing Africa's Transport : The Shifting Paradigm

Providing effective and efficient infrastructure underpins all attempts to reduce poverty. Trade is the engine of economic growth, and reliable and efficient transport is essential for successful trade. Transport is needed to facilitate production and exchanges, enable farmers to produce and bring their products to markets, and provide the basis for private investment. The poor state of transport infrastructure impedes Africa's development and obstructs poverty reduction. Introducing the private sector into managing and financing transport infrastructure in Africa cannot be approached as a classical private sector development case. It requires special attention to address issues linked to public, private partnerships in the region. Investments in African transport infrastructure are vulnerable to political risks, including governmental reneging on regulatory commitments. Establishing an adequate legal and regulatory framework will help build trust with the business community and specify clear rules and procedures. This framework will ease the constraints on mobilizing local finance by introducing risk-reducing mechanisms.

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Detalhes bibliográficos
Autor principal: Watson, Peter
Formato: Brief biblioteca
Idioma:English
Publicado em: World Bank, Washington, DC 1998-07
Assuntos:BUSINESS COMMUNITY, CENTRAL GOVERNMENTS, COMMERCIAL RISKS, CONCESSIONS, CORPORATE RESTRUCTURING, DECENTRALIZATION, ECONOMIC GROWTH, EFFICIENT TRANSPORT, ENTREPRENEURS, EQUITY GOALS, EQUITY PARTICIPATION, FINANCIAL INSTITUTIONS, FISCAL CONSTRAINTS, FOREIGN PARTNERS, GROWTH RATES, GUARANTEE MECHANISMS, HIGHWAY, INFRASTRUCTURE PRIVATIZATION, INFRASTRUCTURE PROVISION, INFRASTRUCTURE SERVICES, INTERGOVERNMENTAL FISCAL TRANSFERS, INTERNATIONAL DEVELOPMENT, LOCAL ENTREPRENEURS, LOCAL FINANCE, LOCAL GOVERNMENT, LOCAL GOVERNMENTS, POLICY DEVELOPMENT, POLICY REFORMS, POLITICAL RISKS, PORTS, POWER, PRIVATE FINANCIAL INSTITUTIONS, PRIVATE INVESTMENT, PRIVATE INVESTMENT IN INFRASTRUCTURE, PRIVATE PARTNERSHIPS, PRIVATE SECTOR DEVELOPMENT, PRIVATE SECTOR PARTICIPATION, PUBLIC ENTERPRISES, PUBLIC EXPENDITURE, PUBLIC INSTITUTIONS, PUBLIC PARTNERSHIPS, PUBLIC SECTOR, PURCHASING POWER, RAILWAYS, REGULATORY CAPACITY, REGULATORY FRAMEWORK, REGULATORY FRAMEWORKS, REGULATORY REFORM, RESPONSIBILITY FOR TRANSPORT, REVENUE SOURCES, ROAD, ROAD MAINTENANCE, ROADS, RURAL TRANSPORT, RURAL TRANSPORT INFRASTRUCTURE, SERVICE DELIVERY, SOCIAL CAPITAL, SUB-NATIONAL, SUB-NATIONAL GOVERNMENTS, TECHNICAL ASSISTANCE, TRANSPARENCY, TRANSPORT, TRANSPORT INFRASTRUCTURE, TRANSPORT POLICY, TRANSPORT PROJECTS, TRANSPORT PROVISION, TRANSPORT SECTOR, VILLAGE,
Acesso em linha:http://documents.worldbank.org/curated/en/1998/07/12866351/developing-africas-transport-shifting-paradigm
http://hdl.handle.net/10986/9890
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