PPIAF Annual Report 2020
The PPIAF FY 2020 Work Plan was cautiously opti- mistic that the world was finally turning the corner on the 2008 global financial crisis, but recognized that for emerging markets and developing econo- mies, the crisis would likely result in lower accumu- lation of productivity-enhancing capital that could last into the next decade. Our plan was to double down on supporting countries to develop good governance of public-private partnerships (PPPs) and private financing to accelerate infrastructure investments. And, thanks to the extraordinary ad- ditional contributions from PPIAF donors, we were able to program 20 percent more than planned in just these kinds of activities, particularly in Africa.
For over 20 years, PPIAF and its partners, particularly governments, donors, and international development institutions, have worked to build the capacity, regulatory, and institutional framework necessary to stimulate private sector participation (PSP) in infrastructure. PPIAF’s work helps its clients work with the private sector to continue providing financing and operating infrastructure services when systems and economies are under unprecedented strain. The pandemic is not the only challenge facing emerging markets. The same institutions need to be prepared for slower onset challenges that do not appear as pressing, but are equally critical, such as climate change and state-building in fragile, conflict-affected economies. Ensuring that good governance, robust institutions, and smart public and private investment strategies are in place will make a difference in meeting and overcoming these challenges. This Annual report lays out PPIAF’s contributions to a socially, economically, and environmentally sustainable future in the context of these global complexities.
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