Making the Most of Public Investment in Colombia: Working Effectively across Levels of Government (OECD Multi-level Governance Studies)

This study examines the multi-level governance framework for public investment in Colombia. It provides a diagnosis of the strengths and challenges of the Colombian system and includes comparative data and a set of benchmarks to promote exchange of good practices and promote learning. It makes recommendations for how to further improve the system, make more effective use of existing resources and catch up to OECD countries in terms of infrastructure development. The review also suggests a set of indicators against which Colombia can measure its progress. Foreword -- Acknowledgements -- Table of contents -- Reader's guide -- Acronyms and abbreviations -- Executive summary -- Assessment and recommendations -- Chapter 1. Sustaining increased public investment in Colombia -- Introduction -- Strong economic performance with high levels of investment -- Sustaining high levels of public investment in the coming years is critical -- Recommendations -- Notes -- References -- Chapter 2. Financing subnational investment in Colombia -- Introduction -- Increased decentralisation, but limited subnational spending autonomy -- Subnational capacities to raise additional revenues to finance investment -- Borrowing is not properly used as a mechanism for financing -- The need to better connect the different funding sources to finance integrated investment strategies -- Recommendations -- Notes -- References -- Chapter 3. Achieving strategic vertical and horizontal investment co-ordination in Colombia -- Introduction -- Improved strategic planning framework -- Challenges and priorities: Linking subnational planning to budgeting -- Reduce the fragmentation of royalties -- Investing at the relevant scale: Horizontal co-ordination across jurisdictions -- Vertical co-ordination across the national and subnational governments -- Recommendations -- Notes -- References -- Chapter 4. Strengthening subnational capacitiesf or effective public investment in Colombia -- Introduction -- Strengthening the capabilities of public officials involved in public investment -- A systemic approach to capacity building for public investment -- Better assessing investment projects ex ante and ex post -- Engaging with stakeholders throughout the investment cycle -- Recommendations -- Notes -- References -- Annex A. Indicators for multi-level governance of public investment in Colombia