Publication:
PPP Distress and Fiscal Contingent Liabilities in South Asia

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dc.contributor.authorHerrera Dappe, Matias
dc.contributor.authorTurkgulu, Burak
dc.contributor.authorMelecky, Martin
dc.date.accessioned2022-08-04T15:30:40Z
dc.date.available2022-08-04T15:30:40Z
dc.date.issued2022-08
dc.description.abstractSince the early 1990s, public-private partnerships (PPPs) in infrastructure provision have been expanding around the world and in South Asia. Well-structured PPPs can unleash efficiency gains in the provision of infrastructure. But PPPs create liabilities for governments, including contingent liabilities. Providing infrastructure through PPPs is preferred to public provision if the efficiency gains offset the higher cost of private financing and the unexpected public liabilities that PPPs may create. This paper attempts to assess the fiscal risks from contingent liabilities assumed by South Asian governments owing to their current stock of PPPs in infrastructure. First, it analyzes the drivers of PPP distress. Second, it simulates scenarios of fiscal risks for South Asian governments from risky PPPs. Third, it studies specific PPP contract designs and their relationship with early termination in South Asia to draw lessons for future PPP contract structuring.en
dc.identifierhttp://documents.worldbank.org/curated/en/099526108032233729/IDU01bffdd770d209042f50bd54087dae7e38cbe
dc.identifier.doi10.1596/1813-9450-10137
dc.identifier.urihttps://hdl.handle.net/10986/37831
dc.languageEnglish
dc.language.isoen
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Papers;10137
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectPUBLIC-PRIVATE PARTNERSHIPS (PPP)
dc.subjectINFRASTRUCTURE EFFICIENCY GAINS
dc.subjectEARLY TERMINATION OF CONTRACTS
dc.subjectPRIVATE INVESTMENT IN UTILITIES
dc.subjectSURVIVAL ANALYSIS
dc.subjectVALUE AT RISK
dc.subjectPRIVATE WATER PROVISION
dc.subjectPPP CONTRACT DESIGN
dc.titlePPP Distress and Fiscal Contingent Liabilities in South Asiaen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.date.disclosure2022-08-03
okr.date.lastmodified2022-08-03T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099526108032233729/IDU01bffdd770d209042f50bd54087dae7e38cbe
okr.guid099526108032233729
okr.identifier.doi10.1596/1813-9450-10137
okr.identifier.externaldocumentum33877114
okr.identifier.internaldocumentum33877114
okr.identifier.reportWPS10137
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099526108032233729/pdf/IDU01bffdd770d209042f50bd54087dae7e38cbe.pdfen
okr.region.administrativeSouth Asia
okr.topicWater Supply and Sanitation::Public Private Partnerships in Water Supply and Sanitation
okr.topicInformation and Communication Technologies::ICT Economics
okr.topicInformation and Communication Technologies::ICT Policy and Strategies
okr.topicInfrastructure Economics and Finance::Infrastructure Economics
okr.topicInfrastructure Economics and Finance::Private Participation in Infrastructure
okr.unitITRGK - Global Knowledge (ITRGK)
relation.isAuthorOfPublicatione263ad32-282e-5617-9d86-9c19af771906
relation.isAuthorOfPublicationc2369c70-649c-4c08-a1c8-b1dcb7d123de
relation.isAuthorOfPublication.latestForDiscoverye263ad32-282e-5617-9d86-9c19af771906
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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