Managing the Fiscal Implications of Public-Private Partnerships in a Sustainable and Resilient Manner: A Compendium of Good Practices and Lessons Learned from the COVID-19 Pandemic

doi:https://doi.org/10.1596/39578

Publication:
Managing the Fiscal Implications of Public-Private Partnerships in a Sustainable and Resilient Manner: A Compendium of Good Practices and Lessons Learned from the COVID-19 Pandemic

dc.contributor.author	World Bank
dc.date.accessioned	2023-03-22T19:20:30Z
dc.date.available	2023-03-22T19:20:30Z
dc.date.issued	2023-03-22
dc.description.abstract	Public-private partnerships (PPPs) can sometimes be perceived as a means for delivering infrastructure for free. A more nuanced but still inexact view is that they are a mechanism to overcome fiscal constraints. Some argue, perhaps rightly, that often governments enter PPP contracts without fully understanding their fiscal implications. These misconceptions lead to several challenges. There is evidence that fiscal sustainability is often overlooked or ignored by countries with PPP programs, with long-term fiscal implications the governments did not understand or manage well. Governments also struggle with perceptions that they are not fully transparent about the real, ultimate costs of PPP projects. This report aims to illustrate how to improve fiscal risk management and treatment of fiscal commitments and contingent liabilities (FCCL) arising from PPP projects, to build better Infrastructure post-COVID-19. It intends to be a resource for World Bank client countries, including low income and fragile economies, to design their fiscal PPP management frameworks in a viable way that helps them develop their PPP programs while maintaining medium-to-long-term fiscal sustainability and resilience. With that in mind, Volume I highlights and contextualizes the main findings from a set of case studies that assessed the PPP fiscal risk management framework in select countries, and synthesizes the observable and qualitative results in managing the impact of crises, in particular the COVID-19 pandemic. Based on that, it also explores how this crisis has affected PPP projects and overall PPP programs, and suggests improvements to FCCL management frameworks in order to strengthen the capacity of countries to continue with their PPP programs in a sustainable fiscal manner. Volume II contains the detailed case studies on which Volume I is based.	en
dc.identifier	http://documents.worldbank.org/curated/en/099170003082331955/P1625710e882a60ca0b5520e9a4148d9eb6
dc.identifier.doi	10.1596/39578
dc.identifier.uri	https://openknowledge.worldbank.org/handle/10986/39578
dc.language	English
dc.language.iso	en_US
dc.publisher	Washington, DC
dc.rights	CC BY-NC 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	https://creativecommons.org/licenses/by-nc/3.0/igo/
dc.subject	PPP
dc.subject	INFRASTRUCTURE
dc.subject	FISCAL SUSTAINABILITY
dc.subject	COVID-19
dc.title	Managing the Fiscal Implications of Public-Private Partnerships in a Sustainable and Resilient Manner	en
dc.title.subtitle	A Compendium of Good Practices and Lessons Learned from the COVID-19 Pandemic	en
dc.type	Report
dspace.entity.type	Publication
okr.crossref.title	Managing the Fiscal Implications of Public-Private Partnerships in a Sustainable and Resilient Manner: A Compendium of Good Practices and Lessons Learned from the COVID-19 Pandemic
okr.date.disclosure	2023-03-22
okr.date.lastmodified	2023-03-09T00:00:00Z	en
okr.doctype	Economic & Sector Work::Other Infrastructure Study
okr.docurl	http://documents.worldbank.org/curated/en/099170003082331955/P1625710e882a60ca0b5520e9a4148d9eb6
okr.guid	099170003082331955
okr.guid	099170003082350527
okr.identifier.doi	https://doi.org/10.1596/39578
okr.identifier.externaldocumentum	34018343
okr.identifier.internaldocumentum	34018343
okr.identifier.report	180740
okr.import.id	186
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/099170003082331955/pdf/P1625710e882a60ca0b5520e9a4148d9eb6.pdf	en
okr.region.geographical	World
okr.topic	Macroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topic	Infrastructure Economics and Finance::Infrastructure Economics
okr.unit	PPP Group (IPGPP)