The private finance initiative (PFI) in the UK was introduced in the early 1990s to provide an alternative mode of infrastructure financing at a time where traditional government financing was showing its limits both in terms of execution and in terms of finance. Since then, PFIs and the framework surrounding them, have evolved significantly in the UK. They are today part of an integrated framework and are considered a choice, among others, on how to procure infrastructure.

Good governance is a necessary condition for good public infrastructure but Infrastructure presents a governance challenge. This is why the objective of the framework presented in this paper is to ensure infrastructure programs that make the right projects happen, in a cost-efficient and affordable manner that is trusted by users and citizens to take their views into account. The framework offers decision makers a methodology to analyze challenges, mapping out options on how to solve them, and guides them in carrying through decisions.

Chairman’s Statement – Second Regional Roundtable for Infrastructure Governance Grand Bassam, Cote d’Ivoire June 21-22, 2018

The presentation delivered by Edwin Lau, the Head OECD Budgeting and Public Expenditures Division Seoul, 23-24 May 2019

Preamble

Fully mindful of the challenges we face as public officials and stakeholders to the provision of public services and public goods, we acknowledge the:

• Magnitude of economic and social development that will be required, including the large sum of financing and increased public sector capacity that will be needed, to meet the United Nations Sustainable Development Goals;

• Unique contribution which Public-Private Partnerships, and ‘People-first’ Public- Private Partnerships specifically, can make to the achievement of these Goals;

Website of Miller & Chevalier Chartered and Matteson Ellis Law PLLC

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Institutional Design; Proper institutional design is important for providing confidence to investors and customers that the regulatory process is credible, legitimate, and predictable.

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This paper outlines a number of practical initiatives to strengthen the role of development communication in infrastructure projects.

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An initiative of the World Bank Group and the United Nations Office on Drugs and Crime

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Actionable governance indicators focus on specific aspects of governance, and are designed to provide guidance on the design of reforms and the monitoring of impacts.

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