Trigésima Quinta Reunión Ordinaria de la Asamblea General de ALIDE Río de Janeiro, Brasil, 14 y 15 de junio de 2005 Pietro Masci Banco Interamericano de.

Presentación del tema: "Trigésima Quinta Reunión Ordinaria de la Asamblea General de ALIDE Río de Janeiro, Brasil, 14 y 15 de junio de 2005 Pietro Masci Banco Interamericano de."— Transcripción de la presentación:

1 Trigésima Quinta Reunión Ordinaria de la Asamblea General de ALIDE Río de Janeiro, Brasil, 14 y 15 de junio de 2005 Pietro Masci Banco Interamericano de Desarollo 14-15 de junio 2005

2 Durante la ultima década la inversión en infraestructura publica se redujo significativamente ……Y no se compenso con aumento de la inversión privada Source: Calderon and Serven (2004)

3 Porcentaje de personas que no están de acuerdo con que la privatización de infraestructuras ha sido beneficiosa para su país

4 La renta per capita de LAC se esta separando de la de EEUU y la de los países de Asia se esta acercando Sources: -For individual countries:Alan Heston, Robert Summers and Bettina Aten, Penn World Table Version 6.1. Center for International Comparisons at the University of Pennsylvania (CICUP), October 2002. -For regions: World Bank, World Development Indicators. Latin American and Caribbean countries included i calculation of Real GDP per capita of the region: Argentina, Bolivia, Brazil, Barbados, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Guyana, Honduras, Haiti, Jamaica, Mexico, Nicaragua, Panama, Peru, Paraguay, Trinidad & Tobago, Uruguay and Venezuela. South East Asian countries included in calculation of Real GDP per capita of the region: Brunei Darussalam, Cambodia, Indonesia, Lao Peoples Democratic Republic, Malaysia, Myanmar, Philippines, Singapore, Thailand, Viet Nam. Selected South East Asian countries included in calculation of Real GDP per capita of the region: Indonesia, Malaysia, Philippines, Singapore, Thailand and Viet Nam.

5 Latin American Countries in sample South East Asian countries in sample Latin American and Caribbean countries included in calculation of labor productivity of the region: Argentina, Brazil, Chile, Colombia, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Peru, and Venezuela. Selected South East Asian countries included in calculation of Real GDP per capita of the region: Indonesia, Malaysia, Philippines, Singapore, Thailand and Viet Nam. Lo mismo ocurre con la productividad del trabajo

6 LAC Infraestructura ha caído por debajo de China y otros países de similares niveles de renta Source: World Development Indicators

7 Las empresas de LAC ven la infraestructura como un obstáculo para el crecimiento y la productividad Source: World Bank Investment Climate Surveys

8 Economic Growth -Macro economy -Fiscal discipline -Debt management -Government bonds market -Legal Framework -Regulation -Supervision Factors of FMD Economic Non economic - Strategic Vision - Regulation - Supervision - Push & Leadership - Indirect intervention - Direct intervention (tools of government) -Public Sector Banks Regional Growth MDBs and IMF Financial Markets Crisis Real Options Methodology Performance and Evaluation of FMD - Data FMD and FDI Global Financial Architecture Financial Market Development (FMD) Public Policy Political Economy Role of Government Poverty Public Choice Institutions Access to Finance - SMEs -Integration -Education -Culture - Human Capital Infrastructure Financing -Banking -Capital Market -Insurance -Pension Municipal Financing Local Currency