Download or read book The Impact of Private Sector Participation in Infrastructure written by Luis A. Andres and published by World Bank Publications. This book was released on 2008-07-25 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: Infrastructure plays a key role in fostering growth and productivity and has been linked to improved earnings, health, and education levels for the poor. Yet Latin America and the Caribbean are currently faced with a dangerous combination of relatively low public and private infrastructure investment. Those investment levels must increase, and it can be done. If Latin American and Caribbean governments are to increase infrastructure investment in politically feasible ways, it is critical that they learn from experience and have an accurate idea of future impacts. This book contributes to this aim by producing what is arguably the most comprehensive privatization impact analysis in the region to date, drawing on an extremely comprehensive dataset.
Download or read book Private Participation in Infrastructure in Developing Countries written by Clive Harris and published by World Bank Publications. This book was released on 2003 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Many of the problems are related to difficulties in sustaining cost-covering user fees for these sectors. This study aims to distill the experience over the last 15 years. The main factors in the growth and subsequent decline are examined. The report assesses the impact that the private provision of infrastructure has had on service delivery and analyzes the consequences for other important goals. Main policy lessons are provided for governments that seek to ensure that the supply of infrastructure services does not become a bottleneck to growth."--BOOK JACKET.
Download or read book Macroeconomic Effects of Private Sector Participation in Latin America s Infrastructure written by Lourdes Trujillo and published by World Bank Publications. This book was released on with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Trujillo, Martín, Estache, and Campos provide empirical evidence on the impact that private participation in infrastructure has had on key macroeconomic variables in a sample of 21 Latin American countries from 1985-98. Specifically, they look at the effects on GDP per capita, current public expenditures, public investment, and private investment, controlling for country effects and institutional factors. The authors also investigate the relevance of the specific contractual form of private participation contracts on these variables and show differentiated effects according to contract types. The results suggest that: Private sector involvement in utilities and transport have some, but not impressive, positive effects on GDP per capita; There is some degree of crowding-out of private investment resulting from greenfield projects in utilities, and delayed crowding-in from concessions in transport. There is crowding-in of public investment by private participation in utilities, while there is crowding-out by increased private investment in transport; Private participation in utilities decreases recurrent expenditures, while in transport it results in an increase. The net effect on the public sector account is uncertain, but this uncertainty is a major risk. The revelation of this risk may be the main contribution of this paper since it is inconsistent with the fiscal gains expected by many policymakers as they engage in infrastructure privatization programs. This paper"a product of the Governance, Regulation, and Finance Division, World Bank Institute, and Finance, Private Sector, and Infrastructure Unit, Latin America and the Caribbean Region"is part of a larger effort in the Bank to increase understanding of infrastructure regulation.
Download or read book Newspaper Clippings about the War Reparations Committee written by and published by . This book was released on 1929 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Clippings sent to the Morgan library by clippings services after World War I on topics related to the activities of the War Reparations Committee.
Download or read book Macroeconomic Effects of Private Sector Participation in Latin America s Infrastructure written by Lourdes Trujillo and published by World Bank Publications. This book was released on 2002 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Trujillo, Martín, Estache, and Campos provide empirical evidence on the impact that private participation in infrastructure has had on key macroeconomic variables in a sample of 21 Latin American countries from 1985-98. Specifically, they look at the effects on GDP per capita, current public expenditures, public investment, and private investment, controlling for country effects and institutional factors. The authors also investigate the relevance of the specific contractual form of private participation contracts on these variables and show differentiated effects according to contract types. The results suggest that: Private sector involvement in utilities and transport have some, but not impressive, positive effects on GDP per capita; There is some degree of crowding-out of private investment resulting from greenfield projects in utilities, and delayed crowding-in from concessions in transport. There is crowding-in of public investment by private participation in utilities, while there is crowding-out by increased private investment in transport; Private participation in utilities decreases recurrent expenditures, while in transport it results in an increase. The net effect on the public sector account is uncertain, but this uncertainty is a major risk. The revelation of this risk may be the main contribution of this paper since it is inconsistent with the fiscal gains expected by many policymakers as they engage in infrastructure privatization programs. This paper"a product of the Governance, Regulation, and Finance Division, World Bank Institute, and Finance, Private Sector, and Infrastructure Unit, Latin America and the Caribbean Region"is part of a larger effort in the Bank to increase understanding of infrastructure regulation.
Download or read book Strategic Communication for Privatization Public private Partnerships and Private Participation in Infrastructure Projects written by Daniele Calabrese and published by World Bank Publications. This book was released on 2008-01-01 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic Communication for Privatization, Public-Private Partnerships, and Private Participation in Infrastructure reviews the experiences of the World Bank and its clients in employing public communication programs during the processes of privatization and private sector participation. Drawing from academic and policy research as well as from case studies, it highlights good practices and identifies lessons learned through an examination of success and failures. This book recommends principles of strategic communication and offers a methodology for researching and analyzing the communication issues associated with privatization and private sector participation. It includes an operational approach to design and implementation of public communication programs for the various forms of privatization and public-private initiatives. This publication is the eighth in a series of Working Papers sponsored by the Development Communication Division (DevComm) of the World Bank's External Affairs Vice-Presidency. This series is designed to share innovations and lessons learned in the application of strategic communication in development projects. Together with other donors, NGOs, and private sector partners, DevComm seeks to mainstream the discipline of development communication in development practice.
Download or read book Principles of Public and Private Infrastructure Delivery written by John B. Miller and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 677 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essential to anyone involved in the planning, design, construction, operation, or finance of infrastructure assets, this innovative work puts project delivery, finance, and operation together in a practical new formulation of how public and private owners can better manage their entire collection of infrastructure facilities.
Download or read book A Study of Private Sector Participation in Infrastructure Financing for the New Jersey Hudson River Waterfront written by and published by . This book was released on 1988 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Private Participation in Infrastructure in Developing Countries written by Clive Harris and published by World Bank Publications. This book was released on 2003 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments have long recognized the vital role that modern infrastructure services play in economic growth and poverty alleviation. For much of the post-Second World War period, most governments entrusted delivery of these services to state-owned monopolies. But in many developing countries, the results were disappointing. Public sector monopolies were plagued by inefficiency. Many were strapped for resources because governments succumbed to populist pressures to hold prices below costs. Fiscal pressures, and the success of the pioneers of the privatization of infrastructure services, provided governments with a new paradigm. Many governments sought to involve the private sector in the provision and financing of infrastructure services. The shift to the private provision that occurred during the 1990s was much more rapid and widespread than had been anticipated at the start of the decade. By 2001, developing countries had seen over $755 billion of investment flows in nearly 2500 infrastructure projects. However, these flows peaked in 1997, and have fallen more or less steadily ever since. These declines have been accompanied by high profile cancellations or renegotiations of some projects, a reduction in investor appetite for these activities and, in some parts of the world, a shift in public opinion against the private provision of infrastructure services. The current sense of disillusionment stands in stark contrast to what should in retrospect be surprise at the spectacular growth of private infrastructure during the 1990s.
Download or read book Privatization Policy Choice written by George Mumbo and published by LAP Lambert Academic Publishing. This book was released on 2013 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the past, some insightful appraisal of public policy in line with the primary infrastructure sectors globally, has agitated the quest for desired reform and expectations in Africa as a continent. In conformity, great inroads have been made in the telecommunication sector, which raises the issue of a gap between the suitability of prescribed policy and the country's specific institutional frameworks. Africa's diverse experience and the exceptional socioeconomic circumstance is such that policy preconditions that are imperative for successful liberalization and privatization are hardly met. Therefore, this study evaluates privatization policy choice by appraising the private sector investment participation in infrastructure in sub-Saharan Africa in view of the fact that there is reliable knowledge around the world from which lessons can be drawn from. Infrastructure privatization is essentially a basic means to an end, and not ideally an end in itself, given its main objective is to perpetuate an efficient sector that delivers quality service. These can be achieved in the background of a suitable market mechanism that is well structured with a properly defined regulatory system.
Download or read book Macroeconomics Effects of Private Sector Participation in Latin America s Infrastructure written by Javier Campos and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors provide empirical evidence on the impact that private participation in infrastructure has had on key macroeconomic variables in a sample of 21 Latin American countries from 1985-98. Specifically, they look at the effects on GDP per capita, current public expenditures, public investment, and private investment, controlling for country effects and institutional factors. The authors also investigate the relevance of the specific contractual form of private participation contracts on these variables and show differentiated effects according to contract types. The results suggest that: 1) Private sector involvement in utilities and transport have some, but not impressive, positive effects on GDP per capita. 2) There is some degree of crowding-out of private investment resulting from greenfield projects in utilities, and delayed crowding-in from concessions in transport. 3) There is crowding-in of public investment by private participation in utilities, while there is crowding-out by increased private investment in transport. 4) Private participation in utilities decreases recurrent expenditures, while in transport it results in an increase. The net effect on the public sector account is uncertain, but this uncertainty is a major risk. The revelation of this risk may be the main contribution of this paper since it is inconsistent with the fiscal gains expected by many policymakers as they engage in infrastructure privatization programs.
Download or read book Mastering the Risky Business of Public Private Partnerships in Infrastructure written by Manal Fouad and published by International Monetary Fund. This book was released on 2021-05-10 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.
Download or read book Developing Best Practices for Promoting Private Sector Investment in Infrastructure Power written by and published by . This book was released on 2000 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: This five-volume set presents the findings of the ADB regional technical assistance study which developed sector-specific best practices for promoting private sector participation in key infrastructure sectors in ADB's DMCs. The best practices cover the role of government, institutional reform, strategic planning, legal and regulatory frameworks, unbundling and competition, contractual arrangements, sources of financing, and allocation of risk. Each volume is divided into two parts..
Download or read book PUBLIC PRIVATE PARTNERSHIPS for INFRASTRUCTURE DEVELOPMENT written by Suliman Al Khliwi & Mohammad Fahad Aijaz and published by Suliman Al Khliwi & Mohammad Fahad Aijaz. This book was released on with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: Infrastructure development has always been one of the fundamental measures of a country’s progress and development. In the past, infrastructure development was mostly implemented by public sector using its own resources and acting as the main financier and owner of such infrastructure projects to meet the needs of growing economies. As the population of the world kept increasing at enormous rates and due to competitive landscape between global economies, the need for infrastructure development kept pacing up exponentially. As countries tend to have limited financial resources when it comes to cover all the needs, generally the countries tends to focus on certain sectors of economy to be owned and developed by the public sector where as private sector participation becomes a necessity in other sectors of economies that needs financing over the limited public resources. To resolve the financial constraints faced by public sector in developing infrastructure, more and more countries are moving towards private sector participation to have such projects financed and implemented through Public-Private Partnerships (PPPs). PPPs, if structured and delivered in the most optimal manner, are known to also result in increased quality of service delivery and a lower NPV of costs associated with such infrastructure project when compared to public sector implementation. PPPs are complexed structured and comes in many forms. This book covers different form of private public partnerships and relevant pros and cons of each such form. Towards the end, the book focuses on project finance structure which is usually structured as build-own-operate and/or transfer basis and is required for large scale infrastructure projects and the author’s core experience is delivery of infrastructure on these type of PPP structure. There are several PPP guides available in the market, however, we, have tried our best in this book to summarize the learnings from our experiences. This book can be considered the first book to be written on PPPs focusing on the Kingdom of Saudi Arabia commercial requirements and risk allocation framework and incorporates knowledge of the wider GCC region. Lessons learned to make a PPP project successful are provided towards end of the book.
Download or read book Private Sector Investment in Infrastructure written by Jeffrey Delmon and published by Kluwer Law International B.V.. This book was released on 2015-10-28 with total page 870 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investment in infrastructure is critical to economic growth, quality of life, poverty reduction, access to education, good quality healthcare, and achieving many of the goals of a robust and dynamic economy. However, infrastructure is difficult for the public sector to get right. This remarkably insightful and enormously useful book, now in its third edition, shows how the private sector (through public–private partnerships – PPP) can provide more efficient procurement through cheaper, faster, and better quality; refocus infrastructure services on consumer satisfaction and life cycle maintenance; place the financial burden of providing infrastructure on consumers rather than taxpayers; and provide new sources of investment, in particular through limited recourse debt (i.e., project financing). Taking the particular challenges associated with PPP fully into account. this book provides a practical guide to PPP in all the following ways and more: - how governments can enable and encourage PPP; - how PPP financing works; - what PPP contractual structures look like; and - most importantly, how PPP risk allocation works in practice. Specific discussion of each infrastructure sector is provided. Lawyers and business people, civil engineers, economic development officials and specialists, banking and insurance professionals, and academics will all find the ground well covered in this book, as well as new ground broken.
Download or read book Does Private Sector Participation Improve Performance in Electricity and Water Distribution written by Katharina Gassner and published by World Bank Publications. This book was released on 2009 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the question of private versus public performance in a natural monopoly setting. It analyzes data from 301 utilities with private sector participation (PSP) and 926 utilities without PSP in 71 developing and transition economies to evaluate the impact of PSP on firm performance in electricity distribution and water and sanitation services. Private participation is shown to be associated with an increase in connections, labor productivity, and bill collection rates, and a decrease in employment and electricity distributional losses.
Download or read book Private Sector Participation in Infrastructure written by Paulina Beato and published by . This book was released on 1996 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
