In sum, the report benchmarks the regulatory framework of 135 economies against international recognized good practices, scoring them on four elements: preparation, procurement, contract management, and treatment of unsolicited proposals. It found that the average performance of each of the categories varies across regions and income level, with OECD high- income economies and the Latin America and Caribbean region performing at or above average. In contrast, Sub-Saharan Africa and the East Asia and Pacific (EAP) region have the lowest average scores across thematic areas.
The Panel, consisting of Sydney Domoraud, Managing Partner of Emire Partners, Christophe Dossarps, Chief Executive Officer of the Sustainable Infrastructure Fund (SIF) Source, and Jason Parker, Partner at Hunton Williams Kurth LLP, agreed that there were numerous complexities surrounding the use PPPs in digital infrastructure contracts. The major challenges discussed included the difficulty in pinpointing the public service or public asset that would be the subject matter of the PPP contract and the inherent difficulty in coupling a fast-evolving technology with a long term contract.
The five criteria that define People First-PPPs (PfPPPs) also go beyond the traditional quantitative analysis of projects and focus on both qualitative and quantitative dimensions before, during and after a project’s implementation.
PfPPPs include projects that deliver the following outcomes:
The ingredients for ensuring the successful implementation of PPPs are widely recognized throughout the development and investment communities. The recently concluded Africa Investment Forum also highlighted the wealth of resources, which can be accessible under the right conditions, including from private equity funds and private institutional investors such as insurers, pension funds, and sovereign wealth funds.
Many African governments demonstrate a willingness to effectively train their staff, to develop tools to facilitate transactions, and to draft model contracts. But these measures do not suffice. Above all, States must focus on building a pipeline of bankable and socially conscious projects with which to appetize investors. Governments must also clearly delineate the roles and responsibilities of all participating stakeholders: public institutions, contracting authorities, and PPP units; and they must ensure that these stakeholders are empowered to deliver projects.
Key findings of the survey include:
Related Information:
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