Written by Jason Zhengrong Lu, Jenny Jing Chao and James Robert Sheppard, World Bank study supported by the Global Infrastructure Facility (GIF) and Public-Private Infrastructure Facility (PPIAF), December 2019.
This publication provides guidance to government officials in emerging markets and developing economies (EMDEs) on when government guarantees for public-private-partnership (PPP) projects might be desired; how they could be best utilized; the structure and scope of guarantees and guarantee programs; the costs and risks entailed; and how to manage these risks. This guidance book is not intended to promote PPPs or guarantees, but rather aims to provide a balanced view on how EMDEs can strategically deploy guarantees in limited circumstances to mobilize private financing for their infrastructure needs more effectively.
The book is organized into five chapters:
Chapter 1: Overview of Government Guarantees
Chapter 2: Scope of Government Guarantees
Chapter 3: Structuring and Negotiating Government Guarantees
Chapter 4: Managing Fiscal Risks from Government Guarantees
Chapter 5: Guidelines for Governments
Additionally, case studies are referenced throughout the document to highlight specific points and provide real-world examples.
A guidebook for government officials in emerging markets and developing economies(EMDEs) on government guarantees for public-private-partnership (PPP) projects