Developing Public-Private Partnership Initiatives in the Middle East and North Africa : From Public Debt to Maximizing Finance for Development
This paper argues for a novel approach to financing infrastructure needs in Arab countries. It first describes the context of rising public debt in the region, contrasting it with the vast infrastructure needs. It then discusses the challenges in m...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/860241558712523200/Developing-Public-Private-Partnership-Initiatives-in-the-Middle-East-and-North-Africa-From-Public-Debt-to-Maximizing-Finance-for-Development http://hdl.handle.net/10986/31745 |
| Summary: | This paper argues for a novel approach
to financing infrastructure needs in Arab countries. It
first describes the context of rising public debt in the
region, contrasting it with the vast infrastructure needs.
It then discusses the challenges in meeting these needs with
traditional financing. The paper then makes the case for
maximizing finance for development, by using public-private
partnerships, and presents a few successful examples in Arab
countries. Finally, the paper explores the way forward and
concludes on the need for strong state capacity and
integrity to promote the maximizing finance for development approach. |
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