Region: Global
Country: Global / Non-Specific
Topic: Legal Framework
Keywords: Knowledge Lab ***, Legal Framework *, Legislation and Laws **
Document Link(s):
Document(s):
Document Summary:
This issue brief addresses some unique issues that developing countries face when they are developing a PPP framework in the context of a weak or non-existent regulatory system, but want to gradually and successfully achieve both arrangements. PPIAF focuses on how PPP framework and sector-specific regulatory systems mature at various levels and emphasizes the need for coordination between the two arrangements in successful delivery of infrastructure through private-sector participation.
Document Details:
Establishing an effective, sustainable and independent regulatory system for infrastructure services is a long-term process. The goal of a regulatory system is to protect consumers and investors through transparent and predictable decision-making, focusing on economic regulation. A well-functioning regulatory system promotes operational efficiency, offers safeguards for investments, and protects consumers from monopoly positions, while offering better service quality. Overall, regulatory systems play an important role and help balance improved infrastructure assets and services.