Public-Private Partnerships Fiscal Risk Assessment Model (PFRAM): French Version 2.0

The Public Fiscal Risk Assessment Model, PFRAM developed by the IMF and the World Bank Group (WBG), is an analytical tool to assess fiscal costs and risks arising from public-private partnership (PPP) projects. It is designed to assist governments in assessing fiscal implications of PPPs, as well as in managing these projects in a proactive manner.

Fiscal Risk in PPPs: Defining the Problem

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.

Guidance Note for the Public-Private Partnerships Fiscal Risk Assessment Model (PFRAM) 2.0 (IMF and WB. 2016)

Building on experience gathered from developers and users, this user manual describes a new version of the tool, PFRAM 2.0. The new version improves the user interface making it easier to understand by non-PPP experts and extends the tool’s coverage and functionalities. This document describes the scope of PFRAM 2.0 and its functionalities, discusses the core concepts underpinning the tool, and presents examples that apply PFRAM 2.0 to specific PPP projects and a simple portfolio.

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Public-Private Partnerships in the New EU Member States - Managing Fiscal Risk

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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: 

Financing

An Operational Framework for Managing Fiscal Commitments from Public-Private Partnerships - The Case of Ghana

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An Operational Framework for Managing Fiscal Commitments from Public-Private Partnerships - The Case of Ghana by Riham Shendy, Helen Martin, and Peter Mousley, World Bank 2013