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How to Control the Fiscal Costs of Public-Private Partnerships [electronic resource] / Timothy C Irwin.

Author/Creator:
Irwin, Timothy C.
Publication:
Washington, D.C. : International Monetary Fund, 2018.
Format/Description:
Government document
Book
1 online resource (14 pages)
Series:
IMF eLibrary
IMF How To Notes; Country Report ; No. 18/291
IMF How To Notes
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Summary:
This note discusses what finance ministries can do to ensure that public-private partnerships (PPPs) are used wisely. By inviting private participation in infrastructure development and service provision, PPPs can help improve public services. Yet, strong governance institutions are needed to manage risks and avoid unexpected costs from PPPs. While in the short term, PPPs may appear cheaper than traditional public investment, over time they can turn out to be more expensive and undermine fiscal sustainability, particularly when governments ignore or are unaware of their deferred costs and associated fiscal risks. To use PPPs wisely governments should (1) develop and implement clear rules for their use; (2) identify, quantify, and disclose PPP risks and expected costs; and (3) reform budget and government accounting frameworks to capture all fiscal costs comprehensively.
Notes:
Part of the IMF eLibrary collection.
Description based on print version record.
Contributor:
Mazraani, Samah.
Saxena, Sandeep.
Other format:
Print Version: Irwin, Timothy How to Control the Fiscal Costs of Public-Private Partnerships
ISBN:
1484380924 :
9781484380925
Publisher Number:
10.5089/9781484380925.061 doi
Access Restriction:
Restricted for use by site license.