“Public-Private Partnerships: How to Assess its Implications on Fiscal Sustainability”
Thursday, January 7th, 2016
9:00 a.m. – 10:00 a.m. EST
Senior Public-Private Partnerships Specialist
World Bank PPP Group
Sponsored by the Parliamentary Strengthening Cluster and the World Bank PPP Group at the World Bank
Many governments turn to PPPs based on the perception that they can expand the "fiscal space" for infrastructure investments, making more investment affordable sooner. PPPs are explored as a way of introducing private sector technology and innovation in providing better public services through improved operational efficiency. PPPs also have the benefits of incentivizing the private sector to deliver projects on time and within budget and in imposing budgetary certainty by setting present and the future costs of infrastructure projects over time. Nevertheless, while there are situations in which PPPs can increase the funding available for infrastructure, in many cases no additional funding or fiscal space is created. Therefore, it is very important for budgetary documents to provide a clear, transparent and true record of all PPP activities in a manner that will ensure that the accounting treatment itself does not create an incentive to take the PPP route.
While the PBOs need not possess deep and specific knowledge of the PPP projects’ technical design, it needs sufficient capacity to evaluate the documentation presented to Parliament as part of the affordability and value for money examinations. This practical and hands-on webinar will introduce the participants to the prevalent fiscal management and reporting challenges for PPP assets and liabilities and how to detect and analyze them.
Rui Monteiro is Senior Public-Private Partnerships Specialist at the World Bank PPP Group, where he works on the development of knowledge on PPPs, on knowledge dissemination inside the World Bank Group, and on capacity building in client governments. With more than 25 years of experience on infrastructure, 15 of them on PPP, Rui joined the World Bank in 2010, after having been for more than 10 years PPP advisor to the Treasury Secretary and representative of the Finance Minister of Portugal in steering committees and tender boards for several major rail, tram, highway and health PPP projects and public tenders, including six PPP-hospital contracts (four of them including the provision of clinical services) and several highways and high-speed rail lines. Prior to his Ministry of Finance activities, he did applied research on fiscal matters and on large public projects (urban renewal, public infrastructure). In the international field, Rui has an extensive experience in bilateral cooperation with many governments in Europe, Africa, Asia and the Americas, including field missions for institutional diagnosis regarding infrastructure procurement reform and PPP project development. He has been an active member of several PPP networks. As an economist, he puts strong emphasis on the use of incentive contracts and competitive schemes.
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