Private Financing of Public Infrastructure through PPPs in Latin America and the Caribbean
Financing public infrastructure is an important challenge in the growth agenda of the Latin America and the Caribbean (LAC) region. Subject to fiscal constraints, many countries in the LAC region have been looking at private sector financing as an...
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| Format: | Working Paper |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/632411492665324317/Private-financing-of-public-infrastructure-through-PPPs-in-Latin-America-and-the-Caribbean http://hdl.handle.net/10986/26406 |
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okr-10986-264062021-06-14T10:08:11Z Private Financing of Public Infrastructure through PPPs in Latin America and the Caribbean Garcia-Kilroy, Catalina Rudolph, Heinz P. INFRASTRUCTURE INFRASTRUCTURE FINANCE PUBLIC-PRIVATE PARTNERSHIPS PPPs PROCUREMENT DEVELOPMENT FINANCIAL INSTITUTIONS Financing public infrastructure is an important challenge in the growth agenda of the Latin America and the Caribbean (LAC) region. Subject to fiscal constraints, many countries in the LAC region have been looking at private sector financing as an alternative for financing public investment. With different degrees of success, countries in the region have been using Public-Private Partnerships (PPPs) since the late 1980s. Although the needs of investments in public infrastructure vary by country and by sector, it is clear that public resources might not be enough. While public infrastructure will continue to be largely financed by the public sector in the LAC region, significant room still exist for private sector financing of public infrastructure. In Advanced Economies (AEs), such as Australia, and the United Kingdom, PPP projects account for 10 to 15 percent of overall infrastructure investments. This report analyzes the challenges and policy options to increase private sector financing in public infrastructure in the LAC region through PPPs. Given the diversity of LAC countries, the report takes a conceptual approach and analyzes the different alternatives of private sector financing of public investments that different groups of countries can utilize. This approach also takes stock of the different status and degree of institutional and financial development in LAC countries in light of ongoing promising legal reforms and financial innovations for infrastructure finance in the LAC region, as well as in AEs and other regions. 2017-04-20T15:52:49Z 2017-04-20T15:52:49Z 2017-05-04 Working Paper http://documents.worldbank.org/curated/en/632411492665324317/Private-financing-of-public-infrastructure-through-PPPs-in-Latin-America-and-the-Caribbean http://hdl.handle.net/10986/26406 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 Latin America & Caribbean Caribbean Latin America |
| 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 |
INFRASTRUCTURE INFRASTRUCTURE FINANCE PUBLIC-PRIVATE PARTNERSHIPS PPPs PROCUREMENT DEVELOPMENT FINANCIAL INSTITUTIONS |
| spellingShingle |
INFRASTRUCTURE INFRASTRUCTURE FINANCE PUBLIC-PRIVATE PARTNERSHIPS PPPs PROCUREMENT DEVELOPMENT FINANCIAL INSTITUTIONS Garcia-Kilroy, Catalina Rudolph, Heinz P. Private Financing of Public Infrastructure through PPPs in Latin America and the Caribbean |
| geographic_facet |
Latin America & Caribbean Caribbean Latin America |
| description |
Financing public infrastructure is an
important challenge in the growth agenda of the Latin
America and the Caribbean (LAC) region. Subject to fiscal
constraints, many countries in the LAC region have been
looking at private sector financing as an alternative for
financing public investment. With different degrees of
success, countries in the region have been using
Public-Private Partnerships (PPPs) since the late 1980s.
Although the needs of investments in public infrastructure
vary by country and by sector, it is clear that public
resources might not be enough. While public infrastructure
will continue to be largely financed by the public sector in
the LAC region, significant room still exist for private
sector financing of public infrastructure. In Advanced
Economies (AEs), such as Australia, and the United Kingdom,
PPP projects account for 10 to 15 percent of overall
infrastructure investments. This report analyzes the
challenges and policy options to increase private sector
financing in public infrastructure in the LAC region through
PPPs. Given the diversity of LAC countries, the report takes
a conceptual approach and analyzes the different
alternatives of private sector financing of public
investments that different groups of countries can utilize.
This approach also takes stock of the different status and
degree of institutional and financial development in LAC
countries in light of ongoing promising legal reforms and
financial innovations for infrastructure finance in the LAC
region, as well as in AEs and other regions. |
| format |
Working Paper |
| author |
Garcia-Kilroy, Catalina Rudolph, Heinz P. |
| author_facet |
Garcia-Kilroy, Catalina Rudolph, Heinz P. |
| author_sort |
Garcia-Kilroy, Catalina |
| title |
Private Financing of Public Infrastructure through PPPs in Latin America and the Caribbean |
| title_short |
Private Financing of Public Infrastructure through PPPs in Latin America and the Caribbean |
| title_full |
Private Financing of Public Infrastructure through PPPs in Latin America and the Caribbean |
| title_fullStr |
Private Financing of Public Infrastructure through PPPs in Latin America and the Caribbean |
| title_full_unstemmed |
Private Financing of Public Infrastructure through PPPs in Latin America and the Caribbean |
| title_sort |
private financing of public infrastructure through ppps in latin america and the caribbean |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/632411492665324317/Private-financing-of-public-infrastructure-through-PPPs-in-Latin-America-and-the-Caribbean http://hdl.handle.net/10986/26406 |
| _version_ |
1764461993570336768 |