Pandemics and PPP Case Studies
Check out the Municipal Case Stories section for examples on disruptive events or see some examples below. See Pandemics and PPPs to find out more.
Check out the Municipal Case Stories section for examples on disruptive events or see some examples below. See Pandemics and PPPs to find out more.
Public-Private Partnerships in the New EU Member States - Managing Fiscal Risk, Nina Budina
Hana Polackova Brixi and Timothy Irwin, World Bank Working Paper No. 114, World Bank 2007.
Related Information:
Tracking Reference:
EU_PPP New_EU_Member_States_EN.pdf
Public-private partnerships (PPPs) can sometimes be perceived as a means for delivering infrastructure for free. A more nuanced but still inexact view is that they are a mechanism to overcome fiscal constraints. Some argue, perhaps rightly, that often governments enter PPP contracts without fully understanding their fiscal implications. These misconceptions lead to several challenges. There is evidence that fiscal sustainability is often overlooked or ignored by countries with PPP programs, with long-term fiscal implications the governments did not understand or manage well.
This course seeks to equip professionals, who work on PPP projects, with essential skills in assessing the fiscal implications of PPPs and managing related fiscal risks. It uses several case studies and examples to explain key concepts. Additionally, it has downloadable resources for later use.
The International Monetary Fund (IMF) and the World Bank have updated an important tool to help governments assess fiscal costs and risks arising from PPPs: the Public-Private Partnership Fiscal Risk Assess- ment Model (PFRAM) 2.0. The tool goes further to help governments manage PPPs proactively—so that identified risks are allocated, managed, and priced correctly—and, ideally, so that they don’t materialize. PFRAM has been in use since 2016 as part of IMF and World Bank technical assistance and has also been used by developing-country authorities working on these issues.