Region: Global
Country: Global / Non-Specific
Keywords: Knowledge Lab ***, Legal Framework *, Legislation and Laws **, Political risks
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Document Summary:
This report proposes an interesting approach to put a framework around the different permutations of risk through the risk mitigation framework, which pulls together many of the key components. Whether it is robust regulation and contracts, stability of law or reliable dispute resolution mechanisms for the public sector and effective and constructive interaction with the public sector, inclusive community engagement or responsible business conduct for the private sector, the report highlights a pragmatic overview of possible ways forward. By managing perceived and actual risks as well as the impact these have on return expectations, a cohesive way forward can be found.
Document Details:
To encourage sustainable economic growth, the global infrastructure program depends on private investors and operators - but they worry about political & regulatory risks. There are many facets of those risks beyond outright expropriation, such as delayed permits and community protests, unfair tax law changes, and corruption. This new World Economic Forum report, developed in collaboration with Boston Consulting Group, provides a 20-point risk-mitigation framework, listing promising measures for public and private stakeholders alike. It shows how a predictable and transparent regulatory environment can spur urgently needed investments into infrastructure to benefit societies at large.
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