Mobilizing Private Finance for Local Infrastructure in Europe and Central Asia : An Alternative Public Private Partnership Framework
In recent years, the countries of Europe and Central Asia (ECA) have experienced a marked decline in investments by international private operators/investors in local infrastructure-much in line with the trend observed in other emerging markets. Th...
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| Format: | Publication |
| Language: | English en_US |
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Washington, DC: World Bank
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/01/5799241/mobilizing-private-finance-local-infrastructure-europe-central-asia-alternative-public-private-partnership-framework http://hdl.handle.net/10986/7333 |
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okr-10986-73332021-04-23T14:02:27Z Mobilizing Private Finance for Local Infrastructure in Europe and Central Asia : An Alternative Public Private Partnership Framework Noel, Michel Brzeski, W. Jan ACCOUNTING ACCOUNTING STANDARDS AFFILIATED ORGANIZATIONS ASSURANCE BANKS BARRIERS TO ENTRY BONDS CIVIL SOCIETY CIVIL SOCIETY ORGANIZATIONS COMPLIANCE COSTS CONSOLIDATION CONTRACT ENFORCEMENT CONTRACT ENFORCEMENT/DISPUTE CORPORATE GOVERNANCE CORRUPTION CREDIT RISKS DEBT DEBT/EQUITY DEBT/EQUITY/GRANT DEVELOPMENT/THE DISCLOSURE DIVIDENDS DOMESTIC CAPITAL MARKETS ECONOMICS ELECTED OFFICIALS EMERGING MARKETS ENFORCEABLE PROPERTY RIGHTS EQUITY INVESTMENTS FINANCIAL CRISES FINANCIAL INSTITUTIONS FINANCIAL SERVICES FOREIGN EXCHANGE FOREIGN INVESTORS IFI/PRIVATE SECTOR INCOME INFRASTRUCTURE SERVICES INSURANCE INSURANCE COMPANIES LAND MARKETS LATIN AMERICAN LAWS LEGAL FRAMEWORK LOCAL AUTHORITIES LOCAL GOVERNMENT LOCAL GOVERNMENTS MARKET COMPETITION MORAL HAZARD MUNICIPALITIES MUTUAL FUNDS NEGOTIATIONS NEW ENTRANTS NORTH AFRICA OFFERINGS OLIGOPOLY OPERATOR/INVESTORS OPERATORS/INVESTORS OPPORTUNITY COSTS PENALTIES PENSION FUNDS POLICY/INSTITUTIONAL/FINANCIAL INSTRUMENTS PRIVATE SECTOR PRIVATIZATION PUBLIC FINANCE REGULATORY ENVIRONMENT RISK INSURANCE RISK MITIGATION SANITATION SECURITIES SPONSORS/INVESTORS STATEMENTS SUBSIDIARY TECHNICAL ASSISTANCE TRANSPARENCY TRANSPORT TRANSPORTATION WASTE MANAGEMENT WATER SERVICES In recent years, the countries of Europe and Central Asia (ECA) have experienced a marked decline in investments by international private operators/investors in local infrastructure-much in line with the trend observed in other emerging markets. This decline has been particularly significant in the local water and energy sectors. In light of the increasingly tight fiscal constraints faced by governments across ECA, there is a strong need to develop alternative Public-Private Partnership frameworks that could attract private investors to the local infrastructure sector. The growing challenge is to identify and implement adequate financing frameworks and modalities of public support Public-Private Partnerships that would be sufficient to attract participation of private investors in local infrastructure without increasing the risk of moral hazard. The objective of this paper is to explore possible elements of an alternative PPP framework that could help governments in ECA to meet this challenge. The paper identifies key impediments to the development of Public-Private Partnerships in local infrastructure in ECA and discusses the elements of the proposed Public-Private Partnership framework. 2012-06-06T20:28:53Z 2012-06-06T20:28:53Z 2005 http://documents.worldbank.org/curated/en/2005/01/5799241/mobilizing-private-finance-local-infrastructure-europe-central-asia-alternative-public-private-partnership-framework 0-8213-6055-8 http://hdl.handle.net/10986/7333 English en_US World Bank Working Paper No. 46 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 Africa |
| 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 |
ACCOUNTING ACCOUNTING STANDARDS AFFILIATED ORGANIZATIONS ASSURANCE BANKS BARRIERS TO ENTRY BONDS CIVIL SOCIETY CIVIL SOCIETY ORGANIZATIONS COMPLIANCE COSTS CONSOLIDATION CONTRACT ENFORCEMENT CONTRACT ENFORCEMENT/DISPUTE CORPORATE GOVERNANCE CORRUPTION CREDIT RISKS DEBT DEBT/EQUITY DEBT/EQUITY/GRANT DEVELOPMENT/THE DISCLOSURE DIVIDENDS DOMESTIC CAPITAL MARKETS ECONOMICS ELECTED OFFICIALS EMERGING MARKETS ENFORCEABLE PROPERTY RIGHTS EQUITY INVESTMENTS FINANCIAL CRISES FINANCIAL INSTITUTIONS FINANCIAL SERVICES FOREIGN EXCHANGE FOREIGN INVESTORS IFI/PRIVATE SECTOR INCOME INFRASTRUCTURE SERVICES INSURANCE INSURANCE COMPANIES LAND MARKETS LATIN AMERICAN LAWS LEGAL FRAMEWORK LOCAL AUTHORITIES LOCAL GOVERNMENT LOCAL GOVERNMENTS MARKET COMPETITION MORAL HAZARD MUNICIPALITIES MUTUAL FUNDS NEGOTIATIONS NEW ENTRANTS NORTH AFRICA OFFERINGS OLIGOPOLY OPERATOR/INVESTORS OPERATORS/INVESTORS OPPORTUNITY COSTS PENALTIES PENSION FUNDS POLICY/INSTITUTIONAL/FINANCIAL INSTRUMENTS PRIVATE SECTOR PRIVATIZATION PUBLIC FINANCE REGULATORY ENVIRONMENT RISK INSURANCE RISK MITIGATION SANITATION SECURITIES SPONSORS/INVESTORS STATEMENTS SUBSIDIARY TECHNICAL ASSISTANCE TRANSPARENCY TRANSPORT TRANSPORTATION WASTE MANAGEMENT WATER SERVICES |
| spellingShingle |
ACCOUNTING ACCOUNTING STANDARDS AFFILIATED ORGANIZATIONS ASSURANCE BANKS BARRIERS TO ENTRY BONDS CIVIL SOCIETY CIVIL SOCIETY ORGANIZATIONS COMPLIANCE COSTS CONSOLIDATION CONTRACT ENFORCEMENT CONTRACT ENFORCEMENT/DISPUTE CORPORATE GOVERNANCE CORRUPTION CREDIT RISKS DEBT DEBT/EQUITY DEBT/EQUITY/GRANT DEVELOPMENT/THE DISCLOSURE DIVIDENDS DOMESTIC CAPITAL MARKETS ECONOMICS ELECTED OFFICIALS EMERGING MARKETS ENFORCEABLE PROPERTY RIGHTS EQUITY INVESTMENTS FINANCIAL CRISES FINANCIAL INSTITUTIONS FINANCIAL SERVICES FOREIGN EXCHANGE FOREIGN INVESTORS IFI/PRIVATE SECTOR INCOME INFRASTRUCTURE SERVICES INSURANCE INSURANCE COMPANIES LAND MARKETS LATIN AMERICAN LAWS LEGAL FRAMEWORK LOCAL AUTHORITIES LOCAL GOVERNMENT LOCAL GOVERNMENTS MARKET COMPETITION MORAL HAZARD MUNICIPALITIES MUTUAL FUNDS NEGOTIATIONS NEW ENTRANTS NORTH AFRICA OFFERINGS OLIGOPOLY OPERATOR/INVESTORS OPERATORS/INVESTORS OPPORTUNITY COSTS PENALTIES PENSION FUNDS POLICY/INSTITUTIONAL/FINANCIAL INSTRUMENTS PRIVATE SECTOR PRIVATIZATION PUBLIC FINANCE REGULATORY ENVIRONMENT RISK INSURANCE RISK MITIGATION SANITATION SECURITIES SPONSORS/INVESTORS STATEMENTS SUBSIDIARY TECHNICAL ASSISTANCE TRANSPARENCY TRANSPORT TRANSPORTATION WASTE MANAGEMENT WATER SERVICES Noel, Michel Brzeski, W. Jan Mobilizing Private Finance for Local Infrastructure in Europe and Central Asia : An Alternative Public Private Partnership Framework |
| geographic_facet |
Europe and Central Asia Africa |
| relation |
World Bank Working Paper No. 46 |
| description |
In recent years, the countries of Europe
and Central Asia (ECA) have experienced a marked decline in
investments by international private operators/investors in
local infrastructure-much in line with the trend observed in
other emerging markets. This decline has been particularly
significant in the local water and energy sectors. In light
of the increasingly tight fiscal constraints faced by
governments across ECA, there is a strong need to develop
alternative Public-Private Partnership frameworks that could
attract private investors to the local infrastructure
sector. The growing challenge is to identify and implement
adequate financing frameworks and modalities of public
support Public-Private Partnerships that would be sufficient
to attract participation of private investors in local
infrastructure without increasing the risk of moral hazard.
The objective of this paper is to explore possible elements
of an alternative PPP framework that could help governments
in ECA to meet this challenge. The paper identifies key
impediments to the development of Public-Private
Partnerships in local infrastructure in ECA and discusses
the elements of the proposed Public-Private Partnership framework. |
| format |
Publications & Research :: Publication |
| author |
Noel, Michel Brzeski, W. Jan |
| author_facet |
Noel, Michel Brzeski, W. Jan |
| author_sort |
Noel, Michel |
| title |
Mobilizing Private Finance for Local Infrastructure in Europe and Central Asia : An Alternative Public Private Partnership Framework |
| title_short |
Mobilizing Private Finance for Local Infrastructure in Europe and Central Asia : An Alternative Public Private Partnership Framework |
| title_full |
Mobilizing Private Finance for Local Infrastructure in Europe and Central Asia : An Alternative Public Private Partnership Framework |
| title_fullStr |
Mobilizing Private Finance for Local Infrastructure in Europe and Central Asia : An Alternative Public Private Partnership Framework |
| title_full_unstemmed |
Mobilizing Private Finance for Local Infrastructure in Europe and Central Asia : An Alternative Public Private Partnership Framework |
| title_sort |
mobilizing private finance for local infrastructure in europe and central asia : an alternative public private partnership framework |
| publisher |
Washington, DC: World Bank |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/01/5799241/mobilizing-private-finance-local-infrastructure-europe-central-asia-alternative-public-private-partnership-framework http://hdl.handle.net/10986/7333 |
| _version_ |
1764399458298101760 |