Many interesting references to follow-up in this recent Bretton Woods Project editorial on Public Private Partnerships…
Big infrastructure projects are seen as an essential booster for the global economy – as well as more efficient lending for IFIs (more money, less staff). Internal evaluations from the World Bank and the International Monetary Fund note the high risks to public finances and limited benefits for poor people. Projects are judged likely to involve higher costs at all stages than public sector works and the need for tight regulation and ‘well-designed PPP transactions’ is emphasised.
This recent editorial from EPW gives a convenient overview of PPPs in Indian water and also refers to some interesting studies for further reading…
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