Economic Infrastructure Investment Data Latin America and The Caribbean
The initiative carried out by IDB, CAF and ECLAC reports resources destined for investment in economic infrastructure (water and sanitation, defenses against floods, energy, irrigation, telecommunications and transportation). The investment made by the public sector is considered, including both non-financial public companies and the general government – which can comprise three or more levels of government (central; state, provincial or regional; and local).
The sectors covered focus on service providing infrastructure. Therefore, investment in infrastructure destined for oil and gas production, and the refining and petrochemical sectors is excluded. Also excluded are the so-called social infrastructure that includes schools, hospitals, homes and security infrastructure.
The sectors surveyed are the following:
Water and sanitation (provision of drinking water through the network, provision of sanitary services); flood defenses (urban and rural works that aim to mitigate the effects of floods); irrigation (installations for artificial irrigation systems)
Generation, transmission and distribution of electricity; transmission and distribution of natural gas;
Fixed, cellular, satellite, data and internet connectivity services;
Transport: roads and routes, mass urban transport, rail transport (infrastructure and rolling stock), air transport and river and sea transport.
Public investment is measured from capital expenditures, which constitute investments in the sectors included in this project. Investments in projects whose life is greater than one year and are subject to depreciation are included for the following types of projects:
They are those that incorporate productive capacity through the construction and/or acquisition of a new productive unit, or those that increase the productive capacity or that increase the useful life of an existing unit, or that allow the same production to be achieved but with higher quality. and/or a cost reduction.
They are those that are aimed at replacing worn-out productive capacity by replacing assets with others of a similar nature and scope, or replacing minimum equipment for the normal functioning of the services. Pre-investment expenses: These are the professional services, the costs of pre-feasibility studies, feasibility, etc. that are necessary to carry out a project.
To measure the investment, current expenses, maintenance and periodic repairs of the assets are excluded from the survey, since they are not included in any of the three aforementioned categories. That is, those expenses that do not increase the performance or capacity of existing fixed assets, nor significantly prolong their expected useful life, are excluded.
Nor are the administrative expenses associated with government functions in the aforementioned sectors considered as investments for the purposes of this work. For example, the purchase of computers or the administrative expenses of government agencies in charge of regulating or supervising the sectors defined in this work (such as Ministries or regulatory authorities).
The IDB, CAF and ECLAC initiative seeks to collect, process and validate information from public finance statistics, systematizing the information through a glossary and a form, designed as consultation and support instruments for the people responsible for collecting information on the ground.
It should be noted that the alignment between the concepts of the budget accounts and the concepts and guidelines expressed in said glossary and form constitutes a goal yet to be achieved.
Public sector investment is measured and reported in national currency at current prices. It is transformed into United States dollars (USD) at current prices using the CEPALSTAT nominal exchange rate. It is subsequently expressed as percentages of GDP using CEPALSTAT values at current prices in United States dollars. Investment expenses are measured on an accrual basis whenever possible.
The Infralatam initiative aims to cover all countries in Latin America and the Caribbean. As sufficient information is available, countries will be added to those reported on this web page. In turn, the information will be updated as sufficient information can be accessed from each of the countries.
This initiative is an ongoing project that seeks to update the data annually, as well as expand the number of countries and improve the available data. The published investment data may be revised periodically due to improvements in data quality or thanks to comments received from users.
Argentina: National Directorate of Public Investment – Head of the Cabinet of Ministers
Belize: Ministry of Finance
Bolivia: (Plurinational State of): General Directorate of Public Investment Management, Vice Ministry of Public Investment and External Financing (VIPFE)
Brazil: Secretary of Planning and Strategic Investments and Secretary of Federal Organization (SOF), Ministério do Planejamento, Orçamento e Gestão
Chile: Ministry of Social Development
Colombia: Ministry of Finance and Public Credit; National Planning Directorate
Costa Rica: General Directorate of National Budget, Ministry of Finance
Ecuador: Planifica Ecuador Technical Secretariat. Ministry of Planning
El Salvador: Ministry of Finance
Guatemala: Technical Budget Directorate and Municipal Financial Administration Assistance Directorate Ministry of Public Finance; Secretariat of Planning and Programming of the Presidency (SEGEPLAN), Directorate of Public Investment
Guyana: Ministry of Public Infrastructure
Haiti: Boost (http://boost.worldbank.org/)
Honduras: General Directorate of Public Investment and Budget Directorate, Ministry of Finance (SEFIN)
Mexico: Ministry of Finance and Public Credit
Nicaragua: Ministry of Finance and Public Credit
Panama: National Budget Directorate, Ministry of Economy and Finance; National Authority of the Panama Canal
Paraguay: Undersecretariat of Economy, Ministry of Finance
Peru: Ministry of Economy and Finance
Dominican Republic: Boost (http://boost.worldbank.org/)
Trinidad y Tobago: Ministry of Planning and Sustainable Development
Uruguay: Office of Planning and Budget and General Accounting of the Nation