Region: Europe and Central Asia
Country: United Kingdom
Topic: Transparency, Good Governance and Anti-corruption
Keywords: Knowledge Lab, Transparency
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Document Summary:
The OECD Review of Public Governance of Public-Private Partnerships in the United Kingdom discusses the UK PFI framework according to the 2012 Principles for Public Governance of PPPs.
Document Details:
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.
Updated: April 12, 2022