Why 'investing together'? Public investment is not only a major strategic responsibility
for governments but also a shared one: almost two-thirds of public investment is undertaken
by sub-national governments and major projects tend to involve more than one government
level. In a tight fiscal landscape, improving the efficiency and effectiveness of
investment, while maximising its impact on growth outcomes, is paramount. Identifying
and addressing the governance bottlenecks that impede smooth co-ordination across
levels of government can make a significant contribution towards reaching that end.
This report dissects the relationships different government actors form vertically,
across levels of government, and also horizontally, across both sectors and jurisdictions.
It helps policy makers to understand more systematically how co-ordination works and
why it so often doesn’t, as well as shedding light on the mechanisms countries have
developed to govern these interactions. In doing so, it addresses another key requisite
to organising co-ordination, namely government capacity. Sub-national actors, especially,
need to be equipped with the right skills and resources to carry out their responsibilities
and to engage with stakeholders, across the public, private and civil society sectors.
This report offers a toolkit to policy makers to assess their needs for capacity development
Published on December 05, 2013Also available in: French
The report is based in part on a national questionnaire responded to by 23 countries and seven regional case studies. Data on sub-national finances as well as analyses of the impact of both of the quality of government and the level of public investment on growth underpin the analysis.
The Principles on Effective Public Investment will help governments assess the strengths and weaknesses of their public investment capacity and set priorities for improvement.
EFFECTIVE INVESTMENT ACROSS LEVELS OF GOVERNMENT TOOLKIT
The "Toolkit" is an on-line resource providing implementation guidance for the OECD Recommendation on Effective Public Investment Across Levels of Government. It supports both implementation and peer learning, with indicators and good practices from countries, regions, and municipalities.
The self-assessment section of this Toolkit will help governments assess the strengths and weaknesses of their public investment capacity, with a focus on the sub-national level. This, in turn, will help policy makers set priorities for improvement.