Best Practices in PPP Financing Latin America - e-Institute - World ...

More documents

Recommendations

Info

Best practices in Public-Private Partnerships financing in Latin America In spite of this being a great experience, unfortunately it is still insufficient because the region continues to suffer from low infrastructure investment levels. With respect to this, Cox pointed out that financing needs are so large that private investment is not enough to achieve much desired economic growth. Lastly, she considered that developing infrastructure through PPPs also requires achieving increases in economic productivity, increases in connectivity, reduction of logistical costs and improvement in the quality of services, among others. Such improvements enable job creation, securing better conditions for the poor, which is related to the core objective of these efforts. A fourth “P” refers to “People”, that is, to the people of LAC who are the beneficiaries of all investments made. - 16 -
INTRODUCTION TO THE CONFERENCE José Luis Irigoyen, Director of the Transport, Water, Information and Communication Technologies Department and Head of the Experts Team on PPPs of WB, began his introduction by thanking the support of the Ministry of Economy and Finance of the Spain, the Banco Bilbao Vizcaya Argentaria (BBVA) and the Public & Private Infrastructure Advising Fund (PPIAF). He mentioned that unlike what is usually expected, the global financial crisis forced many countries to look at infrastructure investments as a way to promote rapid growth, and in doing so, to overcome the crisis, even through fiscal packages. In the international sphere, within the G20 framework, one of the areas where progress should be reviewed, in order to introduce new support steps in the PPP agenda, is infrastructure. Other areas include safety measures in food, which is associated to the climate change agenda. In this context, Irigoyen pointed out that the role played by PPPs will be very important to attract not only additional financial resources, but also to generate management capacity in these sectors. Concerning this matter and the response of the WB during the crisis, it should be noted that loans for the infrastructure sector reached US $ 26 billion, which is quite a record for this organization. In projects related to PPPs, loans are near US $162 million. Thus we cannot keep on considering PPPs as a marginal program, as just one more option, but as a significant way to contract and execute investment programs to provide infrastructure and services. One of the main lessons learned is that the countries that work more efficiently in PPPs are those that have established objectives in investment programs through PPPs. By doing so, through project programs and not disassociated projects, investors feel more comfortable, as they achieve greater - 17 -
Page 2 and 3: BEST PRACTICES IN PUBLIC-PRIVATE PA
Page 4 and 5: Copyright © 2011 The International
Page 6 and 7: Fifth Session: Fiscal Risks and PPP
Page 8 and 9: Best practices in Public-Private Pa
Page 14 and 15: World Bank Institute Public-Private
Page 66 and 67:
Best practices in Public-Private Pa
Page 68 and 69:
Page 70 and 71:
Page 72 and 73:
Page 74 and 75:
Page 76 and 77:
Page 78 and 79:
Page 80 and 81:
Page 82 and 83:
Page 84 and 85:
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
Page 95:
FINAL WORDS Clive Harris, PPP Pract
Page 98 and 99:
Page 100:
show all

Best Practices in PPP Financing Latin America - e-Institute - World ...

Create successful ePaper yourself

Delete template?

Save as template?