Well Maintained: Economic Benefits from more reliable and resilient infrastructure 2021

Submitted by on Wed, 01/04/2023 - 03:57

The report describes the dangers associated with Infrastructure disruptions with its effects on household well-being, business growth, health and education. It further states that a weak infrastructure stock poses multi-dimensional effects on private businesses as well as households.

These effects manifest through: 1) increased risk of disease as a result of poor transport, water and communication; 2) higher cost of production as a result of power outages, broken roads, unreliable access to water; 3) unproductive and uncompetitive firms as a result of absence or disruptive infrastructure which impedes the viability of small and micro enterprises to start up.

The report recommends that Governments should: Improve governance quality in investment planning and design; Extending asset life by using life-cycle costing, maintenance and operation; Adopt use of new technologies to improve efficiency of existing infrastructure.

Source: https://www.imf.org/en/Publications/Books/Issues/2020/09/03/