Title: Government Guarantees for Mobilizing Private Investment in Infrastructure

Author: Jason Zhengrong Lu, Jenny Jing Chao and James Robert Sheppard

Language: English

Type: Document, Publication

Nature: Guidelines, Other PPP Reference

Published: December 24, 2019

Region: Global

Country: Global / Non-Specific

Topic: Financing and Risk Mitigation

Keywords: Financing

Document(s):

• Government-Guarantees for Mobilizing Private Investment in Infrastructure.pdf1.27 MB

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Document Summary:

A guidebook for government officials in emerging markets and developing economies(EMDEs) on government guarantees for public-private-partnership (PPP) projects

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Document Details:

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.

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Updated: March 4, 2022