Topics: Financing and Risk Mitigation
Governments that use public-private partnerships (PPPs) to build infrastructure usually assume contingent liabilities relating, for example, to early contract termination or to debt and revenue guarantees. Deciding whether to assume these liabilities and, if so, determining how to value, monitor, and limit them is difficult for most governments. This report describes how governments in Australia, Chile, and South Africa have tackled these problems, and discusses whether other governments, including those with less administrative capacity, should adopt similar practices.
PPIAF_Managing Contingent Liabilities in PPPs_EN.pdf
Irwin, Timothy C., and Tanya Mokdad. 2010. Managing Contingent Liabilities in Public-Private Partnerships: Practice in Australia, Chile, and South Africa. Washington, DC: World Bank. [#1919]
Updated: September 19, 2022