Infrastructure, Public Private Partnerships, and Fiscal Management
This course seeks to equip professionals, who work on PPP projects, with essential skills in assessing the fiscal implications of PPPs and managing related fiscal risks. Infrastructure development is essential to sustaining economic growth and improving competitive position in today’s global markets. Traditional public sector funding sources may be constrained when financing infrastructure facilities. Innovative approaches to funding such services, as well as programs for Public Private Partnerships (PPPs), have been endorsed by many countries as means of accelerating delivery. An essential element of PPP is the desire to link public sector accountability with private sector discipline, expertise, efficiency and financial resources. This is equally true in industrialized and emerging markets.
Learning objectives
- Determine Fiscal risk analysis of PPP projects
- Link fiscal risk analysis and fiscal management
- Base project assessment on the overall risk evaluation.
- Identify the different sources of fiscal risk a PPP contract might generate and how to manage them
- Identify the impact that different types of commitments have on public finances and budgets
- Analyze the convenience of implementing a public project using a PPP without compromising the long-term fiscal sustainability
- Use the PFRAM tool to assess the eventual fiscal impact of implementing a PPP project
- Actively participate in the process of structuring and approving a PPP project, particularly, in the establishment of a fiscal obligation