The Resource Public-private partnerships, government guarantees, and fiscal risk, staff team led by Richard Hemming

Public-private partnerships, government guarantees, and fiscal risk, staff team led by Richard Hemming

Label
Public-private partnerships, government guarantees, and fiscal risk
Title
Public-private partnerships, government guarantees, and fiscal risk
Statement of responsibility
staff team led by Richard Hemming
Contributor
Issuing body
Subject
Language
eng
Summary
Public-private partnerships (PPPs) refer to arrangements under which the private sector supplies infrastructure assets and infrastructure-based services that traditionally have been provided by the government. PPPs are used for a wide range of economic and social infrastructure projects, but they are used mainly to build and operate roads, bridges and tunnels, light rail networks, airports and air traffic control systems, prisons, water and sanitation plants, hospitals, schools, and public buildings. PPPs offer benefits similar to those offered by privatization, which is the sale of government-owned enterprises or assets. By the late 1990s, when privatization was losing much of its earlier momentum, PPPs began to be widely seen as a means of obtaining private sector capital and management expertise for infrastructure investment. After a modest start, a wave of PPPs is now beginning to sweep the world. This Special Issue paper provides an overview of some of the issues raised by PPPs, with a particular focus on their fiscal consequences. It also looks at government guarantees, which are used fairly widely to shield the private sector from risk and are a common feature of PPPs. and it examines the consequences of PPPs and guarantees for debt sustainability. The paper concludes with a list of measures that can maximize the benefits and minimize the fiscal risks associated with the use of PPPs. Various appendices augment the discussion by examining country experiences with PPPs, summarizing the statistical reporting framework used to discuss fiscal accounting and reporting, explaining accounting for risk transfer, examining how guarantees are modeled and estimated in Chile, and summarizing international accounting and reporting standards for contingent liabilities
Related
Cataloging source
CEF
Government publication
international or intergovernmental publication
Index
index present
LC call number
HG3881.5.I58
Literary form
non fiction
Nature of contents
dictionaries
Label
Public-private partnerships, government guarantees, and fiscal risk, staff team led by Richard Hemming
Publication
Note
  • "IMF special issues paper is based on two papers ... discussed by the IMF Executive Board in April 2004 and May 2005 as part of a wider-ranging discussion of issues related to public investment and fiscal policy"--Preface
  • "Prepared by a staff team from the Fiscal Affairs Department of the IMF led by Richard Hemming"--Preface
  • Available in PDF, ePUB, and Mobi formats on the Internet
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn815760147
Dimensions
unknown
Extent
1 online resource (100 pages)
Form of item
online
Isbn
9781451980509
Media category
computer
Media MARC source
rdamedia
Media type code
c
http://library.link/vocab/recordID
.b37154023
Specific material designation
remote
System control number
  • (OCoLC)815760147
  • imf1451980507

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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