Enforcing Public-Private Partnership Contract: How do Fiscal Institutions Matter?

Enforcing Public-Private Partnership Contract: How do Fiscal Institutions Matter?
Author: Manabu Nose
Publisher: International Monetary Fund
Total Pages: 32
Release: 2017-11-15
Genre: Business & Economics
ISBN: 1484329074

Public-private partnerships (PPPs) have increased rapidly in emerging and developing countries, creating both opportunities and fiscal challenges. One of the main challenges is that while governments have increased commitments in guarantees and direct subsidies to promote PPPs, contractual disputes remain high with significant costs. This paper examines how fiscal institutions affect the selection of PPP contracts and the probability of contract disputes using about 6,000 PPP contract-level data. The analysis shows that larger government financing needs, lower budget transparency and bureaucratic efficiency are associated with higher probability for governments to offer guarantees. Propensity score matching results show that disputes are more common for guaranteed contracts due to adverse selection and contingent liability effects. PPP management quality and budget transparency are found to be key determinants for a longer survival of PPPs.

Mastering the Risky Business of Public-Private Partnerships in Infrastructure

Mastering the Risky Business of Public-Private Partnerships in Infrastructure
Author: Manal Fouad
Publisher: International Monetary Fund
Total Pages: 61
Release: 2021-05-10
Genre: Business & Economics
ISBN: 1513576569

Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.

Uncitral Legislative Guide on Public-Private Partnerships

Uncitral Legislative Guide on Public-Private Partnerships
Author: United Nations
Publisher:
Total Pages: 300
Release: 2020-12-28
Genre: Political Science
ISBN: 9789211303995

The Model Legislative Provisions and the Legislative Guide on Public-Private Partnerships were prepared by the United Nations Commission on International Trade Law (UNCITRAL) and adopted at its fifty-second session (Vienna, 8-19 July 2019). In addition to representatives of member States of the Commission, representatives of many other States and of several international organizations, both intergovernmental and non-governmental, participated actively in the preparatory work. The Model Legislative Provisions translate into legislative language the advice given in the recommendations contained in the Legislative Guide. The Model Legislative Provisions are intended to assist in the establishment of a legislative framework favourable to public-private partnerships (PPPs). The Model Legislative Provisions follow the corresponding notes in the Legislative Guide, which offer an analytical introduction with references to financial, regulatory, legal, policy and other issues raised in the subject area. The user is advised to read the Model Legislative Provisions together with the Legislative Guide, which provide background information to enhance understanding of the legislative recommendations. The Model Legislative Provisions deal with matters that it is important to address in legislation specifically concerned with PPPs. They do not deal with other areas of law that, as discussed in the Legislative Guide, also have an impact on PPPs. Moreover, the successful implementation of PPPs typically requires various measures beyond the establishment of an appropriate legislative framework, such as adequate administrative structures and practices, organizational capability, technical expertise, appropriate human and financial resources and economic stability.

Guidebook on Promoting Good Governance in Public-private Partnerships

Guidebook on Promoting Good Governance in Public-private Partnerships
Author: United Nations. Economic Commission for Europe
Publisher:
Total Pages: 108
Release: 2008
Genre: Business & Economics
ISBN:

This guidebook offers training modules for the promotion of public-private partnerships in the delivery of public services. PPPs in theory are supposed to combine the best of both worlds. The private sector with its resources, management skills and technology; and the public sector with its regulatory actions and protection of the public interest provide a balance in delivering public service. PPPs though are also complex in nature, requiring different types of skills and new enabling institutions and they lead to changes in the status of public sector jobs. To work well, they require "good governance", that is, well-functioning institutions, transparent, efficient procedures and accountable and competent public and private sectors. This guidebook therefore seeks to elaborate best practice and is aimed at policymakers, government officials and the private sector.

Public Private Partnerships

Public Private Partnerships
Author: Sara Valaguzza
Publisher: Edward Elgar Publishing
Total Pages: 257
Release: 2020-01-31
Genre: Law
ISBN: 1789903734

This insightful book critically examines the phenomenon of public private partnerships through a global, theoretical, lens. It considers the reasons for merging private entities and public administration, as well as the processes and consequences of doing so. The benefits for the community as well as the radical changes in the principles and modalities of administrative activity are theorized and discussed.

The Role and Impact of Public-private Partnerships in Education

The Role and Impact of Public-private Partnerships in Education
Author: Harry Anthony Patrinos
Publisher: World Bank Publications
Total Pages: 116
Release: 2009-01-01
Genre: Education
ISBN: 0821379038

The book offers an overview of international examples, studies, and guidelines on how to create successful partnerships in education. PPPs can facilitate service delivery and lead to additional financing for the education sector as well as expanding equitable access and improving learning outcomes.

Regional Economic Outlook, April 2018, Sub-Saharan Africa

Regional Economic Outlook, April 2018, Sub-Saharan Africa
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
Total Pages: 137
Release: 2018-05-08
Genre: Business & Economics
ISBN: 1484352696

The region is seeing a modest growth uptick, but this is not uniform and the medium-term outlook remains subdued. Growth is projected to rise to 3.4 percent in 2018, from 2.8 percent in 2017, on the back of improved global growth, higher commodity prices, and continued strong public spending. About 3⁄4 of the countries in the region are predicted to experience faster growth. Beyond 2018, growth is expected to plateau below 4 percent, modestly above population growth, reflecting continued sluggishness in the oil-exporting countries and sustained growth in non-resource-intensive countries. A number of countries (Burundi, DRC, South Sudan, and parts of the Sahel) remain locked in internal conflict resulting in record levels of refugees and Internally Displaced Persons, with adverse spillovers to neighboring countries.

Public–Private Partnership Monitor

Public–Private Partnership Monitor
Author: Asian Development Bank
Publisher: Asian Development Bank
Total Pages: 231
Release: 2021-07-01
Genre: Political Science
ISBN: 9292629417

The Government of Pakistan strongly supports public–private partnership (PPP) initiatives. From 1990 to 2019, Pakistan witnessed 108 financially closed PPP projects, with a total investment of approximately $28.4 billion. About 88% of these projects are in the energy sector, attracting more than $24.7billion, followed by investments in the port sector. In early 2021, Parliament approved the amendments to the 2017 PPP Law, enacting the Public Private Partnership Authority (Amendment) Act 2021. This further strengthens the enabling legal and regulatory framework for developing and implementing PPPs, thereby promoting private sector investment in public infrastructure and related services.

Realizing the Potential of Public–Private Partnerships to Advance Asia's Infrastructure Development

Realizing the Potential of Public–Private Partnerships to Advance Asia's Infrastructure Development
Author: Akash Deep
Publisher: Asian Development Bank
Total Pages: 341
Release: 2019-01-01
Genre: Business & Economics
ISBN: 9292614193

This publication highlights how public–private partnerships (PPPs) can be effective to meet Asia's growing infrastructure needs. It shows how governments and their development partners can use PPPs to promote more inclusive and sustainable growth. The study finds that successful PPP projects are predicated on well-designed contracts, a stable economy, good governance and sound regulations, and a high level of institutional capacity to handle PPPs. It is the result of a collaboration between the Asian Development Bank, the Korea Development Institute, and other experts that supported the theme chapter "Sustaining Development through Public–Private Partnership" of the Asian Development Outlook 2017 Update.

Public-private Partnership Programs

Public-private Partnership Programs
Author: Jeffrey Delmon
Publisher: Kluwer Law International
Total Pages: 0
Release: 2013-11-25
Genre: Infrastructure (Economics)
ISBN: 9789041149145

Introduction -- Legal framework -- Institutional framework -- Procuring and implementing PPP transactions -- Using public support for PPP projects -- Local currency finance