Publication: Pakistan : Contingent Liabilities from Public Private Partnerships
Date
2010-07
ISSN
Published
2010-07
Author(s)
World Bank
Abstract
This final report is the fourth and
final deliverable in Castalia's assignment, funded by
the World Bank, to improve how contingent liabilities are
managed in Pakistan. The report presents recommendations on
how Pakistan should improve its policies and processes for
issuing and managing contingent liabilities associated with
public private partnerships (PPPs) in infrastructure. The
contents of this report are organized as follows: section
two explains why it is important for Pakistan to establish
sound policies for managing contingent liabilities, based on
the Government's existing exposure and gaps in the
policies and processes that are currently in place. The
Status Quo Report presented in appendix A provides an
assessment of the Government's exposure to contingent
liabilities and the existing policies and processes that are
in place. Section three explains how Pakistan can better
manage contingent liabilities by presenting recommendations
to eight specific functions that will strengthen existing
PPP policies. Section four analyzes options for who should
perform the functions for managing contingent liabilities,
and explains why we recommend empowering existing
institutions in the preferred institutional framework.
Section five presents the steps we suggest that the
Government follows to implement these recommendations and
operationalize an effective contingent liabilities
management framework. Finally, section six presents
assessment of international experience and good practice in
managing contingent liabilities to provide additional
context for recommendations in Pakistan. Appendix A includes
the Status Quo Report from the first stage of this
assignment. Appendix B includes a summary of the stakeholder
consultation workshop conducted in Islamabad on July 21 to
receive feedback on the draft recommendations for this assignment.
Citation
“World Bank. 2010. Pakistan : Contingent Liabilities from Public Private Partnerships. © Washington, DC. http://openknowledge.worldbank.org/entities/publication/aca87f9b-034b-521e-a2b5-143960815dad License: CC BY 3.0 IGO.”