02310cas a2200289 a 4500 AALejournalIMF021693 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513582450 1018-5941 BD-DhAAL BD-DhAAL Scaling Up Quality Infrastructure Investment. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students South Asia needs large infrastructure investments to achieve its development goals, and public investment can also support the Covid-19 recovery. Regression estimates that account for the quantity and quality of investment suggest that public infrastructure was a key driver of productivity growth in South Asia. Going forward, higher public infrastructure spending can raise growth, but its benefits depend on how it is financed and managed. Model simulations show that tax financing, concessional lending, or private sector financing through public private partnerships (PPPs) are more advantageous than government borrowing through financial markets because they support growth while containing the impact on public debt. However, the optimal choice also depends on available fiscal space, taxation capacity, implementation risks, and public investment efficiency. To reap the most benefits from higher infrastructure investment, South Asian countries need to manage fiscal risks carefully, including from PPPs and state-owned enterprises, and improve public investment efficiency. Mode of access: Internet Foreign Exchange imf Informal Economy imf National Government Expenditures and Related Policies imf Other Public Investment and Capital Stock imf Underground Econom imf IMF Working Papers; Working Paper ; No. 2021/117 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/117/001.2021.issue-117-en.xml IMF e-Library