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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Main Authors: World Bank, International Finance Corporation, World Bank Institute, Multilateral Investment Guarantee Agency
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2016
Subjects:
BID
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
id okr-10986-25032
recordtype oai_dc
spelling okr-10986-250322021-04-23T14:04:28Z Implementing a Framework for Managing Fiscal Commitments from Public Private Partnerships World Bank International Finance Corporation World Bank Institute Multilateral Investment Guarantee Agency 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 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. 2016-09-12T17:10:50Z 2016-09-12T17:10:50Z 2014 Working Paper 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 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper Africa Ghana
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
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
spellingShingle 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
World Bank
International Finance Corporation
World Bank Institute
Multilateral Investment Guarantee Agency
Implementing a Framework for Managing Fiscal Commitments from Public Private Partnerships
geographic_facet Africa
Ghana
description 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.
format Working Paper
author World Bank
International Finance Corporation
World Bank Institute
Multilateral Investment Guarantee Agency
author_facet World Bank
International Finance Corporation
World Bank Institute
Multilateral Investment Guarantee Agency
author_sort World Bank
title Implementing a Framework for Managing Fiscal Commitments from Public Private Partnerships
title_short Implementing a Framework for Managing Fiscal Commitments from Public Private Partnerships
title_full Implementing a Framework for Managing Fiscal Commitments from Public Private Partnerships
title_fullStr Implementing a Framework for Managing Fiscal Commitments from Public Private Partnerships
title_full_unstemmed Implementing a Framework for Managing Fiscal Commitments from Public Private Partnerships
title_sort implementing a framework for managing fiscal commitments from public private partnerships
publisher World Bank, Washington, DC
publishDate 2016
url 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
_version_ 1764458254312669184