Public-Private Partnerships in the New EU Member States

Public-private partnerships (PPPs) operate at the boundary of the public and private sectors, being neither fully public nor fully private. PPPs are defined in this paper as privately financed infrastructure projects in which a private firm either:...

Full description

Bibliographic Details
Main Authors: Budina, Nina, Polackova Brixi, Hana, Irwin, Timothy
Format: Publication
Language:English
en_US
Published: Washington, DC: World Bank 2012
Subjects:
EIB
TAX
Online Access:http://documents.worldbank.org/curated/en/2007/06/8187734/public-private-partnerships-new-eu-member-states
http://hdl.handle.net/10986/6743
id okr-10986-6743
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ACCOUNTABILITY
ACCOUNTABILITY STRUCTURES
ACCOUNTING
ACCOUNTING PRINCIPLES
ACCOUNTING STANDARD
ACCOUNTING STANDARDS
ACCRUAL ACCOUNTING
ADEQUATE DISCLOSURE
ARREARS
ASSET-BACKED SECURITIES
AUDITING
AUDITS
BALANCE SHEET
BALANCE SHEETS
BANKS
BENEFICIARIES
BENEFICIARY
BORROWING COSTS
BUDGET CONSTRAINT
BUDGET CONSTRAINTS
BUDGET DEFICIT
BUDGET DEFICITS
BUDGETARY FRAMEWORK
BUDGETING
CAPACITY BUILDING
CASH ACCOUNTING
CASH FLOWS
CASH PAYMENTS
CATASTROPHE BOND
CATASTROPHE BONDS
CENTRAL BANK
CENTRAL GOVERNMENT CONTROL
CENTRAL GOVERNMENTS
COMMODITY PRICE
CONTINGENT LIABILITIES
CONTINGENT LIABILITY
CONTRACT DESIGNS
COST OF CAPITAL
COUPON
COUPON BOND
CREDIT GUARANTEES
CREDIT LINES
CREDIT RATING
CREDIT RATING AGENCIES
CREDITORS
CURRENCY
CURRENCY DEPRECIATION
DEBT
DEBT CONTROLS
DEBT FINANCING
DEBT INSTRUMENTS
DEBT MANAGEMENT
DEBT MANAGEMENT AGENCIES
DEBTORS
DEBTS
DEFICITS
DERIVATIVES
DERIVATIVES MARKET
DEVELOPMENT BANK
DOMESTIC BOND
DOMESTIC BOND MARKET
DOMESTIC FINANCIAL MARKETS
ECONOMIC EFFICIENCY
ECONOMIC GROWTH
EIB
ELECTRICITY
ENFORCEMENT MECHANISM
EXCESS DEMAND
EXCHANGE RATE
EXPENDITURE
EXPENDITURES
EXTRABUDGETARY FUNDS
FACE VALUE
FINANCES
FINANCIAL ASSETS
FINANCIAL CRISIS
FINANCIAL INCENTIVES
FINANCIAL INSTITUTIONS
FINANCIAL INSTRUMENTS
FINANCIAL MANAGEMENT
FINANCIAL MARKET
FINANCIAL MARKETS
FINANCIAL REPORTING
FINANCIAL STATEMENT
FINANCIAL STATEMENTS
FINANCIAL SUPPORT
FISCAL CONSTRAINT
FISCAL DEFICIT
FISCAL DISCIPLINE
FISCAL PERFORMANCE
FISCAL POLICY
FISCAL REFORMS
FOREIGN EXCHANGE
FUTURES
GOVERNMENT ASSETS
GOVERNMENT BORROWING
GOVERNMENT BUDGET
GOVERNMENT BUDGETING
GOVERNMENT CAPACITY
GOVERNMENT DEBT
GOVERNMENT DEFICIT
GOVERNMENT EXPENDITURE
GOVERNMENT FINANCE
GOVERNMENT GUARANTEE
GOVERNMENT GUARANTEES
GOVERNMENT INVOLVEMENT
GOVERNMENT REVENUES
GOVERNMENT SUPPORT
GUARANTEE FEE
GUARANTEE FEES
GUARANTEE FUNDS
HARD BUDGET CONSTRAINTS
IMPLICIT GUARANTEES
INDEBTEDNESS
INFRASTRUCTURE DEVELOPMENT
INFRASTRUCTURE INVESTMENT
INFRASTRUCTURE INVESTMENTS
INSTITUTIONAL CAPACITY
INSURANCE
INTEREST PAYMENTS
INTEREST RATE
INTEREST RATES
INTERGOVERNMENTAL FISCAL RELATIONS
INTERNAL AUDIT
INTERNATIONAL BANK
INTERNATIONAL FINANCIAL INSTITUTIONS
INTERNATIONAL STANDARDS
INVESTING
INVESTMENT BANK
INVESTMENT CLIMATE
INVESTMENT PROJECTS
INVESTMENT REQUIREMENTS
INVESTOR PROTECTION
ISSUANCE
LAWS
LEGAL ENVIRONMENT
LEGAL FRAMEWORK
LEGISLATION
LENDERS
LIABILITY
LIABILITY MANAGEMENT
LICENSES
LOAN
LOAN GUARANTEE
LOAN GUARANTEES
LOCAL GOVERNMENT
LOCAL GOVERNMENT BORROWING
LOCAL GOVERNMENT GUARANTEES
LOCAL GOVERNMENTS
LOCAL MARKET
LONG-TERM OBLIGATIONS
MACROECONOMIC RISK
MARKET DEVELOPMENT
MARKET ECONOMIES
MARKET VALUE
MINISTRIES OF FINANCE
MONETARY FINANCING
MORAL HAZARD
MUNICIPALITIES
NATIONAL DEBT
OPPORTUNITY COST
OPPORTUNITY COSTS
PENALTIES
PORTFOLIO
PORTFOLIO MANAGEMENT
PORTFOLIOS
PRESENT VALUE
PRICE RISKS
PRIVATE DEBT
PRIVATE FINANCE
PRIVATE FINANCING
PRIVATE INVESTMENT
PRIVATE INVESTMENTS
PRIVATE INVESTORS
PRIVATE PARTY
PRIVATE SECTOR
PROVISIONS
PUBLIC
PUBLIC DEBT
PUBLIC ENTERPRISES
PUBLIC EXPENDITURE
PUBLIC FINANCE
PUBLIC FINANCES
PUBLIC INFRASTRUCTURE
PUBLIC INVESTMENT
PUBLIC SECTOR
PUBLIC SERVICES
PUBLIC UTILITIES
PUBLIC­PRIVATE PARTNERSHIPS
REGULAR PAYMENTS
REPAYMENT
RESOURCE ALLOCATION
RETIREMENT
RETURN
RETURNS
REVENUE GUARANTEES
REVENUE MOBILIZATION
RISK EXPOSURE
RISK EXPOSURES
RISK MANAGEMENT
RISK TAKING
ROADS
SAVINGS
SEWAGE
SHAREHOLDERS
SHORT MATURITIES
SOLVENCY
STATE GUARANTEE
STATE GUARANTEES
SUBSIDIARY
SWAPS
TAX
TAX REVENUE
TAX REVENUES
TELECOMMUNICATIONS
TRANSPARENCY
TRANSPORT
TREASURY
USER CHARGES
VALUATION
WATER SUPPLY
spellingShingle ACCOUNTABILITY
ACCOUNTABILITY STRUCTURES
ACCOUNTING
ACCOUNTING PRINCIPLES
ACCOUNTING STANDARD
ACCOUNTING STANDARDS
ACCRUAL ACCOUNTING
ADEQUATE DISCLOSURE
ARREARS
ASSET-BACKED SECURITIES
AUDITING
AUDITS
BALANCE SHEET
BALANCE SHEETS
BANKS
BENEFICIARIES
BENEFICIARY
BORROWING COSTS
BUDGET CONSTRAINT
BUDGET CONSTRAINTS
BUDGET DEFICIT
BUDGET DEFICITS
BUDGETARY FRAMEWORK
BUDGETING
CAPACITY BUILDING
CASH ACCOUNTING
CASH FLOWS
CASH PAYMENTS
CATASTROPHE BOND
CATASTROPHE BONDS
CENTRAL BANK
CENTRAL GOVERNMENT CONTROL
CENTRAL GOVERNMENTS
COMMODITY PRICE
CONTINGENT LIABILITIES
CONTINGENT LIABILITY
CONTRACT DESIGNS
COST OF CAPITAL
COUPON
COUPON BOND
CREDIT GUARANTEES
CREDIT LINES
CREDIT RATING
CREDIT RATING AGENCIES
CREDITORS
CURRENCY
CURRENCY DEPRECIATION
DEBT
DEBT CONTROLS
DEBT FINANCING
DEBT INSTRUMENTS
DEBT MANAGEMENT
DEBT MANAGEMENT AGENCIES
DEBTORS
DEBTS
DEFICITS
DERIVATIVES
DERIVATIVES MARKET
DEVELOPMENT BANK
DOMESTIC BOND
DOMESTIC BOND MARKET
DOMESTIC FINANCIAL MARKETS
ECONOMIC EFFICIENCY
ECONOMIC GROWTH
EIB
ELECTRICITY
ENFORCEMENT MECHANISM
EXCESS DEMAND
EXCHANGE RATE
EXPENDITURE
EXPENDITURES
EXTRABUDGETARY FUNDS
FACE VALUE
FINANCES
FINANCIAL ASSETS
FINANCIAL CRISIS
FINANCIAL INCENTIVES
FINANCIAL INSTITUTIONS
FINANCIAL INSTRUMENTS
FINANCIAL MANAGEMENT
FINANCIAL MARKET
FINANCIAL MARKETS
FINANCIAL REPORTING
FINANCIAL STATEMENT
FINANCIAL STATEMENTS
FINANCIAL SUPPORT
FISCAL CONSTRAINT
FISCAL DEFICIT
FISCAL DISCIPLINE
FISCAL PERFORMANCE
FISCAL POLICY
FISCAL REFORMS
FOREIGN EXCHANGE
FUTURES
GOVERNMENT ASSETS
GOVERNMENT BORROWING
GOVERNMENT BUDGET
GOVERNMENT BUDGETING
GOVERNMENT CAPACITY
GOVERNMENT DEBT
GOVERNMENT DEFICIT
GOVERNMENT EXPENDITURE
GOVERNMENT FINANCE
GOVERNMENT GUARANTEE
GOVERNMENT GUARANTEES
GOVERNMENT INVOLVEMENT
GOVERNMENT REVENUES
GOVERNMENT SUPPORT
GUARANTEE FEE
GUARANTEE FEES
GUARANTEE FUNDS
HARD BUDGET CONSTRAINTS
IMPLICIT GUARANTEES
INDEBTEDNESS
INFRASTRUCTURE DEVELOPMENT
INFRASTRUCTURE INVESTMENT
INFRASTRUCTURE INVESTMENTS
INSTITUTIONAL CAPACITY
INSURANCE
INTEREST PAYMENTS
INTEREST RATE
INTEREST RATES
INTERGOVERNMENTAL FISCAL RELATIONS
INTERNAL AUDIT
INTERNATIONAL BANK
INTERNATIONAL FINANCIAL INSTITUTIONS
INTERNATIONAL STANDARDS
INVESTING
INVESTMENT BANK
INVESTMENT CLIMATE
INVESTMENT PROJECTS
INVESTMENT REQUIREMENTS
INVESTOR PROTECTION
ISSUANCE
LAWS
LEGAL ENVIRONMENT
LEGAL FRAMEWORK
LEGISLATION
LENDERS
LIABILITY
LIABILITY MANAGEMENT
LICENSES
LOAN
LOAN GUARANTEE
LOAN GUARANTEES
LOCAL GOVERNMENT
LOCAL GOVERNMENT BORROWING
LOCAL GOVERNMENT GUARANTEES
LOCAL GOVERNMENTS
LOCAL MARKET
LONG-TERM OBLIGATIONS
MACROECONOMIC RISK
MARKET DEVELOPMENT
MARKET ECONOMIES
MARKET VALUE
MINISTRIES OF FINANCE
MONETARY FINANCING
MORAL HAZARD
MUNICIPALITIES
NATIONAL DEBT
OPPORTUNITY COST
OPPORTUNITY COSTS
PENALTIES
PORTFOLIO
PORTFOLIO MANAGEMENT
PORTFOLIOS
PRESENT VALUE
PRICE RISKS
PRIVATE DEBT
PRIVATE FINANCE
PRIVATE FINANCING
PRIVATE INVESTMENT
PRIVATE INVESTMENTS
PRIVATE INVESTORS
PRIVATE PARTY
PRIVATE SECTOR
PROVISIONS
PUBLIC
PUBLIC DEBT
PUBLIC ENTERPRISES
PUBLIC EXPENDITURE
PUBLIC FINANCE
PUBLIC FINANCES
PUBLIC INFRASTRUCTURE
PUBLIC INVESTMENT
PUBLIC SECTOR
PUBLIC SERVICES
PUBLIC UTILITIES
PUBLIC­PRIVATE PARTNERSHIPS
REGULAR PAYMENTS
REPAYMENT
RESOURCE ALLOCATION
RETIREMENT
RETURN
RETURNS
REVENUE GUARANTEES
REVENUE MOBILIZATION
RISK EXPOSURE
RISK EXPOSURES
RISK MANAGEMENT
RISK TAKING
ROADS
SAVINGS
SEWAGE
SHAREHOLDERS
SHORT MATURITIES
SOLVENCY
STATE GUARANTEE
STATE GUARANTEES
SUBSIDIARY
SWAPS
TAX
TAX REVENUE
TAX REVENUES
TELECOMMUNICATIONS
TRANSPARENCY
TRANSPORT
TREASURY
USER CHARGES
VALUATION
WATER SUPPLY
Budina, Nina
Polackova Brixi, Hana
Irwin, Timothy
Public-Private Partnerships in the New EU Member States
geographic_facet Europe and Central Asia
relation World Bank Working Paper No.114
description Public-private partnerships (PPPs) operate at the boundary of the public and private sectors, being neither fully public nor fully private. PPPs are defined in this paper as privately financed infrastructure projects in which a private firm either: (i) sells its services to the government; or (ii) sells its services to third parties with significant fiscal support in the form of guarantees. Despite these common elements of PPPs across sectors, there are differences in the type of arrangements that are typical in each sector. This study focuses on whether and when using PPPs can create fiscal space for additional infrastructure investments in the EU8. In doing so, the paper will examine the fiscal risks of PPPs and the role of fiscal institutions in this regard, including how these affect the use and design of PPPs and thus the potential for creating fiscal space while promoting investment in infrastructure. Chapter 2 distinguishes the illusory from the real fiscal effects of PPPs. Chapter 3 relates the extent to which PPPs reduce fiscal costs to the nature of fiscal institutions. Chapter 4 explains how fiscal institutions can be improved to encourage fiscal prudence in the use and design of PPPs. Chapter 5 concludes.
format Publications & Research :: Publication
author Budina, Nina
Polackova Brixi, Hana
Irwin, Timothy
author_facet Budina, Nina
Polackova Brixi, Hana
Irwin, Timothy
author_sort Budina, Nina
title Public-Private Partnerships in the New EU Member States
title_short Public-Private Partnerships in the New EU Member States
title_full Public-Private Partnerships in the New EU Member States
title_fullStr Public-Private Partnerships in the New EU Member States
title_full_unstemmed Public-Private Partnerships in the New EU Member States
title_sort public-private partnerships in the new eu member states
publisher Washington, DC: World Bank
publishDate 2012
url http://documents.worldbank.org/curated/en/2007/06/8187734/public-private-partnerships-new-eu-member-states
http://hdl.handle.net/10986/6743
_version_ 1764398484447821824
spelling okr-10986-67432021-04-23T14:02:26Z Public-Private Partnerships in the New EU Member States Budina, Nina Polackova Brixi, Hana Irwin, Timothy ACCOUNTABILITY ACCOUNTABILITY STRUCTURES ACCOUNTING ACCOUNTING PRINCIPLES ACCOUNTING STANDARD ACCOUNTING STANDARDS ACCRUAL ACCOUNTING ADEQUATE DISCLOSURE ARREARS ASSET-BACKED SECURITIES AUDITING AUDITS BALANCE SHEET BALANCE SHEETS BANKS BENEFICIARIES BENEFICIARY BORROWING COSTS BUDGET CONSTRAINT BUDGET CONSTRAINTS BUDGET DEFICIT BUDGET DEFICITS BUDGETARY FRAMEWORK BUDGETING CAPACITY BUILDING CASH ACCOUNTING CASH FLOWS CASH PAYMENTS CATASTROPHE BOND CATASTROPHE BONDS CENTRAL BANK CENTRAL GOVERNMENT CONTROL CENTRAL GOVERNMENTS COMMODITY PRICE CONTINGENT LIABILITIES CONTINGENT LIABILITY CONTRACT DESIGNS COST OF CAPITAL COUPON COUPON BOND CREDIT GUARANTEES CREDIT LINES CREDIT RATING CREDIT RATING AGENCIES CREDITORS CURRENCY CURRENCY DEPRECIATION DEBT DEBT CONTROLS DEBT FINANCING DEBT INSTRUMENTS DEBT MANAGEMENT DEBT MANAGEMENT AGENCIES DEBTORS DEBTS DEFICITS DERIVATIVES DERIVATIVES MARKET DEVELOPMENT BANK DOMESTIC BOND DOMESTIC BOND MARKET DOMESTIC FINANCIAL MARKETS ECONOMIC EFFICIENCY ECONOMIC GROWTH EIB ELECTRICITY ENFORCEMENT MECHANISM EXCESS DEMAND EXCHANGE RATE EXPENDITURE EXPENDITURES EXTRABUDGETARY FUNDS FACE VALUE FINANCES FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INCENTIVES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REPORTING FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SUPPORT FISCAL CONSTRAINT FISCAL DEFICIT FISCAL DISCIPLINE FISCAL PERFORMANCE FISCAL POLICY FISCAL REFORMS FOREIGN EXCHANGE FUTURES GOVERNMENT ASSETS GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT BUDGETING GOVERNMENT CAPACITY GOVERNMENT DEBT GOVERNMENT DEFICIT GOVERNMENT EXPENDITURE GOVERNMENT FINANCE GOVERNMENT GUARANTEE GOVERNMENT GUARANTEES GOVERNMENT INVOLVEMENT GOVERNMENT REVENUES GOVERNMENT SUPPORT GUARANTEE FEE GUARANTEE FEES GUARANTEE FUNDS HARD BUDGET CONSTRAINTS IMPLICIT GUARANTEES INDEBTEDNESS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INSTITUTIONAL CAPACITY INSURANCE INTEREST PAYMENTS INTEREST RATE INTEREST RATES INTERGOVERNMENTAL FISCAL RELATIONS INTERNAL AUDIT INTERNATIONAL BANK INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL STANDARDS INVESTING INVESTMENT BANK INVESTMENT CLIMATE INVESTMENT PROJECTS INVESTMENT REQUIREMENTS INVESTOR PROTECTION ISSUANCE LAWS LEGAL ENVIRONMENT LEGAL FRAMEWORK LEGISLATION LENDERS LIABILITY LIABILITY MANAGEMENT LICENSES LOAN LOAN GUARANTEE LOAN GUARANTEES LOCAL GOVERNMENT LOCAL GOVERNMENT BORROWING LOCAL GOVERNMENT GUARANTEES LOCAL GOVERNMENTS LOCAL MARKET LONG-TERM OBLIGATIONS MACROECONOMIC RISK MARKET DEVELOPMENT MARKET ECONOMIES MARKET VALUE MINISTRIES OF FINANCE MONETARY FINANCING MORAL HAZARD MUNICIPALITIES NATIONAL DEBT OPPORTUNITY COST OPPORTUNITY COSTS PENALTIES PORTFOLIO PORTFOLIO MANAGEMENT PORTFOLIOS PRESENT VALUE PRICE RISKS PRIVATE DEBT PRIVATE FINANCE PRIVATE FINANCING PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE INVESTORS PRIVATE PARTY PRIVATE SECTOR PROVISIONS PUBLIC PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCES PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SERVICES PUBLIC UTILITIES PUBLIC­PRIVATE PARTNERSHIPS REGULAR PAYMENTS REPAYMENT RESOURCE ALLOCATION RETIREMENT RETURN RETURNS REVENUE GUARANTEES REVENUE MOBILIZATION RISK EXPOSURE RISK EXPOSURES RISK MANAGEMENT RISK TAKING ROADS SAVINGS SEWAGE SHAREHOLDERS SHORT MATURITIES SOLVENCY STATE GUARANTEE STATE GUARANTEES SUBSIDIARY SWAPS TAX TAX REVENUE TAX REVENUES TELECOMMUNICATIONS TRANSPARENCY TRANSPORT TREASURY USER CHARGES VALUATION WATER SUPPLY Public-private partnerships (PPPs) operate at the boundary of the public and private sectors, being neither fully public nor fully private. PPPs are defined in this paper as privately financed infrastructure projects in which a private firm either: (i) sells its services to the government; or (ii) sells its services to third parties with significant fiscal support in the form of guarantees. Despite these common elements of PPPs across sectors, there are differences in the type of arrangements that are typical in each sector. This study focuses on whether and when using PPPs can create fiscal space for additional infrastructure investments in the EU8. In doing so, the paper will examine the fiscal risks of PPPs and the role of fiscal institutions in this regard, including how these affect the use and design of PPPs and thus the potential for creating fiscal space while promoting investment in infrastructure. Chapter 2 distinguishes the illusory from the real fiscal effects of PPPs. Chapter 3 relates the extent to which PPPs reduce fiscal costs to the nature of fiscal institutions. Chapter 4 explains how fiscal institutions can be improved to encourage fiscal prudence in the use and design of PPPs. Chapter 5 concludes. 2012-05-31T15:19:47Z 2012-05-31T15:19:47Z 2007 http://documents.worldbank.org/curated/en/2007/06/8187734/public-private-partnerships-new-eu-member-states 978-0-8213-7153-4 http://hdl.handle.net/10986/6743 English en_US World Bank Working Paper No.114 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication Europe and Central Asia