World BankInternational Finance CorporationWorld Bank InstituteMultilateral Investment Guarantee Agency2016-09-122016-09-122014https://hdl.handle.net/10986/25032This note presents practical guidance on how to implement a framework for managing fiscal commitments from Public-Private Partnerships (PPPs). It draws on specific regional operational experience and on World Bank Institute (WBI)'s wider thematic engagement with different partners worldwide. The note provides practical advice on how to: consistently identify and assess fiscal commitments arising from PPPs during project preparation and implementation; incorporate these into the project approval process, including budgeting for these appropriately; and strengthen the monitoring and reporting of fiscal commitments over the lifetime of the project. It explains the fiscal commitments that can arise from PPP projects; why governments may find it difficult to assess and manage these fiscal commitments and incorporate them into project selection; and the key components of an institutional framework to manage fiscal commitments at both the development and implementation stages of a project, including the roles, responsibilities, and processes for managing PPP fiscal commitments.en-USCC BY 3.0 IGOACCOUNTABILITYACCOUNTINGACCOUNTING STANDARDSAPPROPRIATIONSBALANCE SHEETBANKING SECTORBANKRUPTBANKRUPTCYBANKRUPTCY RISKBASIC SERVICESBENEFICIARIESBIDBIDDINGBONDSBUDGET CONSTRAINTSBUDGETINGCAPACITY BUILDINGCENTRAL BANKCHECKSCONCESSIONCONCESSIONSCONTINGENT LIABILITIESCONTINGENT LIABILITYCONTRACT MANAGEMENTCONTRACT PROVISIONSCONTRACT RENEGOTIATIONCONTRACTUAL ARRANGEMENTSCONTRACTUAL OBLIGATIONSCONTRACTUAL RELATIONSHIPCREDIBILITYCREDIT GUARANTEESCREDITORSDEBTDEBT MANAGEMENTDIRECT PAYMENTSDISCLOSURE REQUIREMENTSDUE DILIGENCEECONOMIC ANALYSISESCROWEUROPEAN CENTRAL BANKEXCHANGE RATEEXISTING LIABILITYEXPENDITUREFINANCIAL CRISISFINANCIAL DISTRESSFINANCIAL HEALTHFINANCIAL MANAGEMENTFINANCIAL PERFORMANCEFINANCIAL POSITIONFINANCIAL RATIOSFINANCIAL REPORTINGFINANCIAL STATEMENTSFISCAL DISCIPLINEFISCAL INFORMATIONFISCAL MANAGEMENTFISCAL RESPONSIBILITYFISCAL TRANSPARENCYFOREIGN INVESTMENTFREEDOM OF INFORMATIONGOVERNMENT BUDGETSGOVERNMENT DEBTGOVERNMENT FINANCEGOVERNMENT GUARANTEESGOVERNMENT OBLIGATIONSGOVERNMENT SPENDINGGOVERNMENT SUPPORTINFLATIONINFRASTRUCTURE INVESTMENTSINITIATIVEINSTITUTIONAL FRAMEWORKINTEGRITYINTEREST RATEINTEREST RATE RISKINTERNATIONAL ACCOUNTINGINTERNATIONAL ACCOUNTING STANDARDSINTERNATIONAL STANDARDSINVESTMENT CLIMATEINVESTMENT DECISIONSJUDGMENTJURISDICTIONSLEGAL FRAMEWORKLEGISLATIONLENDERSLIABILITY MANAGEMENTLOANLOAN GUARANTEELONG TERM LIABILITYMACROECONOMIC CRISISMANDATEMANDATESMARKET CONDITIONSMINISTERMONETARY FUNDMORAL HAZARDMORAL OBLIGATIONSOPPORTUNITY COSTPAYMENT OBLIGATIONPAYMENT OBLIGATIONSPORTFOLIOPRESENT VALUEPRIVATE PARTIESPRIVATE PARTYPRIVATE SECTORPROCUREMENTPROPERTY RIGHTSPUBLICPUBLIC ASSETPUBLIC DEBTPUBLIC FINANCESPUBLIC INVESTMENTPUBLIC LIABILITYPUBLIC OFFICIALPUBLIC POLICYPUBLIC PRIVATE PARTNERSHIPSPUBLIC PROCUREMENTPUBLIC SECTORPUBLIC SECTOR ACCOUNTINGPUBLIC SECTOR DEBTPUBLIC SERVICEPUBLIC SERVICE DELIVERYPUBLIC WORKSREGULAR PAYMENTRENEGOTIATIONSRESERVEREVENUE GUARANTEESRISK EXPOSURERISK MANAGEMENTSAVINGSSOVEREIGN DEBTSOVEREIGN GUARANTEESOVEREIGN GUARANTEESSTATE GUARANTEESSUBNATIONAL GOVERNMENTSSYSTEMIC RISKTIMELY PAYMENTTRANSACTIONTRANSPARENCYTRANSPORTTREASURYWorking PaperWorld Bank10.1596/25032