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Off the Books: Understanding and Mitigating the Fiscal Risks of Infrastructure
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Developing countries face massive infrastructure needs, but public spending on infrastructure is inadequate, and public investment has been declining in recent years. Rising debt levels and tightening fiscal and monetary conditions are putting further pressure on the funds available for infrastructure, heightening the importance of increasing the efficiency of infrastructure spending.Off the Books: Understanding and Mitigating the Fiscal Risks of Infrastructure shows that however government...