Similarly, IMF (2015) found that on average about 30 per cent of the potential benefits of public investment are lost due to inefficiencies in the investment process. Between 2005 and 2014, the impact of better governance on public sector efficiency was as high as 57 per cent in Georgia in the health sector and as high as 32 per cent in Indonesia in the education sector (ESCAP, 2017a). Moreover, as will be discussed in chapter II, good governance could help better leverage private capital for infrastructure development.