Description: Implementing a Framework for Managing Fiscal Commitments from Public Private Partnerships

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Implementing a Framework for Managing Fiscal Commitments from Public Private Partnerships

This note presents practical guidance on how to implement a framework for managing fiscal commitments from Public-Private Partnerships (PPPs). It draws on specific regional operational experience and on World Bank Institute (WBI)'s wider thema...

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Bibliographic Details
Main Authors:	World Bank, International Finance Corporation, World Bank Institute, Multilateral Investment Guarantee Agency
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARDS APPROPRIATIONS BALANCE SHEET BANKING SECTOR BANKRUPT BANKRUPTCY BANKRUPTCY RISK BASIC SERVICES BENEFICIARIES BID BIDDING BONDS BUDGET CONSTRAINTS BUDGETING CAPACITY BUILDING CENTRAL BANK CHECKS CONCESSION CONCESSIONS CONTINGENT LIABILITIES CONTINGENT LIABILITY CONTRACT MANAGEMENT CONTRACT PROVISIONS CONTRACT RENEGOTIATION CONTRACTUAL ARRANGEMENTS CONTRACTUAL OBLIGATIONS CONTRACTUAL RELATIONSHIP CREDIBILITY CREDIT GUARANTEES CREDITORS DEBT DEBT MANAGEMENT DIRECT PAYMENTS DISCLOSURE REQUIREMENTS DUE DILIGENCE ECONOMIC ANALYSIS ESCROW EUROPEAN CENTRAL BANK EXCHANGE RATE EXISTING LIABILITY EXPENDITURE FINANCIAL CRISIS FINANCIAL DISTRESS FINANCIAL HEALTH FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FINANCIAL POSITION FINANCIAL RATIOS FINANCIAL REPORTING FINANCIAL STATEMENTS FISCAL DISCIPLINE FISCAL INFORMATION FISCAL MANAGEMENT FISCAL RESPONSIBILITY FISCAL TRANSPARENCY FOREIGN INVESTMENT FREEDOM OF INFORMATION GOVERNMENT BUDGETS GOVERNMENT DEBT GOVERNMENT FINANCE GOVERNMENT GUARANTEES GOVERNMENT OBLIGATIONS GOVERNMENT SPENDING GOVERNMENT SUPPORT INFLATION INFRASTRUCTURE INVESTMENTS INITIATIVE INSTITUTIONAL FRAMEWORK INTEGRITY INTEREST RATE INTEREST RATE RISK INTERNATIONAL ACCOUNTING INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL STANDARDS INVESTMENT CLIMATE INVESTMENT DECISIONS JUDGMENT JURISDICTIONS LEGAL FRAMEWORK LEGISLATION LENDERS LIABILITY MANAGEMENT LOAN LOAN GUARANTEE LONG TERM LIABILITY MACROECONOMIC CRISIS MANDATE MANDATES MARKET CONDITIONS MINISTER MONETARY FUND MORAL HAZARD MORAL OBLIGATIONS OPPORTUNITY COST PAYMENT OBLIGATION PAYMENT OBLIGATIONS PORTFOLIO PRESENT VALUE PRIVATE PARTIES PRIVATE PARTY PRIVATE SECTOR PROCUREMENT PROPERTY RIGHTS PUBLIC PUBLIC ASSET PUBLIC DEBT PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC LIABILITY PUBLIC OFFICIAL PUBLIC POLICY PUBLIC PRIVATE PARTNERSHIPS PUBLIC PROCUREMENT PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR DEBT PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC WORKS REGULAR PAYMENT RENEGOTIATIONS RESERVE REVENUE GUARANTEES RISK EXPOSURE RISK MANAGEMENT SAVINGS SOVEREIGN DEBT SOVEREIGN GUARANTEE SOVEREIGN GUARANTEES STATE GUARANTEES SUBNATIONAL GOVERNMENTS SYSTEMIC RISK TIMELY PAYMENT TRANSACTION TRANSPARENCY TRANSPORT TREASURY
Online Access:	http://documents.worldbank.org/curated/en/2014/01/18893343/implementing-framework-managing-fiscal-commitments-public-private-partnerships-operational-note http://hdl.handle.net/10986/25032

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Summary:	This note presents practical guidance on how to implement a framework for managing fiscal commitments from Public-Private Partnerships (PPPs). It draws on specific regional operational experience and on World Bank Institute (WBI)'s wider thematic engagement with different partners worldwide. The note provides practical advice on how to: consistently identify and assess fiscal commitments arising from PPPs during project preparation and implementation; incorporate these into the project approval process, including budgeting for these appropriately; and strengthen the monitoring and reporting of fiscal commitments over the lifetime of the project. It explains the fiscal commitments that can arise from PPP projects; why governments may find it difficult to assess and manage these fiscal commitments and incorporate them into project selection; and the key components of an institutional framework to manage fiscal commitments at both the development and implementation stages of a project, including the roles, responsibilities, and processes for managing PPP fiscal commitments.