World Bank Group - Blogs
See the website for a collection of blogs developed by World Bank and its partners on a wide ray of topics including Infrastructure & Public-Private Partnerships.
See the website for a collection of blogs developed by World Bank and its partners on a wide ray of topics including Infrastructure & Public-Private Partnerships.
The African Legal Support Facility is an international organization hosted by the African Development Bank in Abidjan, Côte d'Ivoire. It was established on 22 December 2008 by the African Development Bank Group, at the request of African countries, and became operational in 2010.
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries.
The combination of rapid urbanization and increasing vulnerability due to climate change is putting urgent pressure on the infrastructure of emerging and developing economies (EMDEs). At the same time, these economies have limited resources to cope with disasters, constraints that have been further exacerbated by the effects of the ongoing pandemic.
PPP Legal Frameworks Post Covid-19
To remedy impacts of the current COVID-19 crisis on PPP programs and projects, governments are analyzing possible actions to stabilize markets and prevent project failures. In most cases, these measures have been ad hoc and of temporary nature such as modifying and/or suspending relevant PPP contract provisions. What are the long-term implications of the current pandemic and possible similar future crises on legal frameworks for PPP?
Through PPP models, toll revenues can be used to service private sources of finance that can enable fiscally-constrained governments to fund new road construction, improve existing roads and ensure long-term high quality maintenance. However, the credit quality of these kind of PPPs and the associated cost and availability of finance are heavily dependent on project parties being able to accurately forecast traffic and revenues over a horizon sometimes decades in the future.