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This paper responds to the Board's call for a review of the Fund's role in the G-20 Mutual Assessment Process (MAP) after about a year of implementation. The review covers the period from December 2009 to the April 2011 meeting of the G-20 Finance Ministers and Central Bank Governors in Washington. It considers the Fund's inputs against the background of the evolving MAP and discusses expectations for this work going forward. The paper does not review the G-20 MAP itself. The implications of broader G-20 Fund cooperation for the Fund's own surveillance will be discussed in the forthcoming TSR.

Group of Twenty countries. --- Evaluation --- Methodology.

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Through the provision of both social and economic infrastructure, public investment can serve as an important catalyst for economic growth. A significant body of theoretical and empirical research underscores the positive relationship between investment in high-quality public infrastructure and economy-wide productivity.1 Against the background of a steady decline in public investment as a share of GDP in advanced economies, evidence of infrastructure bottlenecks in emerging economies, and the sluggish global economic recovery, the G-20 has called for ramping up public investment to raise long-run economic growth (G-20, 2014).2 However, the economic and social impact of public investment crucially depends on its efficiency. Despite anecdotal evidence of projects plagued by time delays, cost overruns, and inadequate maintenance, there are few robust empirical studies of the determinants of public investment efficiency.This paper explores the link between public investment management (PIM) institutions and the efficiency of public investment for the G-20 countries. Based on the analysis from a recent IMF study, the paper finds that better PIM enhances public infrastructure quality, and pinpoints key institutional reforms needs to boost public investment efficiency (IMF 2015). These findings and recommendations are based on a comprehensive data set on investment, infrastructure and capital stocks, and two analytical innovations: (i) a new cross-country Public Investment Efficiency Index (PIE-X); and (ii) a new Public Investment Management Assessment (PIMA) which is applied to G-20 countries.

Public investments. --- Group of Twenty countries.

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This paper responds to the Board's call for a review of the Fund's role in the G-20 Mutual Assessment Process (MAP) after about a year of implementation. The review covers the period from December 2009 to the April 2011 meeting of the G-20 Finance Ministers and Central Bank Governors in Washington. It considers the Fund's inputs against the background of the evolving MAP and discusses expectations for this work going forward. The paper does not review the G-20 MAP itself. The implications of broader G-20 Fund cooperation for the Fund's own surveillance will be discussed in the forthcoming TSR.

Group of Twenty countries. --- Evaluation --- Methodology.

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"This book analyses the importance of the G20 to India, its role so far, and how it can leverage its presidency year to be an influential author of new global rules. In 2023, India will be the President of the G20 Summit, the world's most influential multilateral economic forum. For countries like India, the G20 is a unique global institution, where developed and developing countries have equal stature. This creates opportunities to showcase their global political, economic and intellectual leadership, have a significant impact on the global economic governance agenda and make it more inclusive. This volume discusses how the Presidency year gives India the opportunity to '... hold the pen, write the rules' and lead the G20 year intellectually, financially, managerially and administratively. It provides a ringside view of India's path to the G20 Presidency and examines issues such as the core agenda of the G20; explains the significance of forums like T20, B20, and their proliferations; India's journey as a marginal player in the G20 to its current status; issue of dedicated leadership and management; and India's Agenda for 2023. Topical, timely, important and lucidly written, this book in The Gateway House Guide to India in the 2020s series will be key reading for scholars and researchers of economics, multilaterals, global governance, strategic studies, defence studies, SAARC, UN Studies, foreign policy, international relations, international economics and international trade, as well as interest to policymakers, diplomats, career bureaucrats, and professionals working with think tanks, academia and multilateral agencies, and business"-- Provided by publisher

International economic relations. --- Group of Twenty. --- Group of Twenty --- Economic policy. --- Foreign economic relations. --- India

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International economic relations. --- Economic policy. --- Summit meetings. --- Group of Twenty.