In the past, infrastructure development in particular has been held back largely due to limited implementation capacity. This has resulted in bottlenecks in electricity generation, transport, and port infrastructure and South Africa has therefore not benefited as much as other resource intensive emerging market economies from large terms of trade gains in recent years.
A favourable score in this area is needed to  2  Of course, we should not lose sight of the fact that in the preceding years of the 1990s, these countries were under chronic upward pressure. BIS Review 20/1998  -5-  help investors and lenders gauge whether they are dealing with a solvent or insolvent counterparty.