Ensuring effective governance of Public-Private Partnerships

Ana Maria Ruiz Rivadeneira, Ludger Schuknecht

Abstract


Public-Private Partnerships (PPPs) can be an effective way of delivering infrastructure. However, achieving value for money can be difficult if government agencies are not equipped to manage them effectively. Experience from OECD countries shows that the availability of finance is not the main obstacle in delivering infrastructure. Governance—effective decision-making—is the most influential aspect on the quality of an investment, including PPP investments. In 2012, the OECD together with its member countries developed principles to ensure that PPPs deliver value for money transparently and prudently, supported by the right institutional capacities and processes to harness the upside of PPPs without jeopardizing fiscal sustainability. Survey results from OECD countries show that some dimensions of the recommended practices are well applied and past and ongoing reforms show progress. However, other principles have not been well implemented, reflecting the continuing need for improving public governance of PPPs across countries.


Keywords


Public-Private Partnerships; infrastructure governance; institutional framework; consultation; value for money; fiscal risks

Full Text:

PDF

References


Engel E, Fischer R and Galetovic A (2008). Public-private partnerships when and how. Infrastructure and Development Seminar. Lima: CAF.

Infrastructure Canada (2018). Public private partnerships in Canada. Ottawa, Canada: Infrastructure Canada.

OECD (2010). Dedicated public-private partnership units: A survey of institutional and governance structures. Paris, France: OECD Publishing. http://dx.doi.org/10.1787/9789264064843-en.

_____ (2012). Recommendation on principles for public governance of public-private partnerships. Paris, France: OECD Publishing. Available from http://www.oecd.org/governance/budgeting/PPP-Recommendation.pdf.

_____ (2014). OECD foreign bribery report. An analysis of the crime of bribery of foreign public officials. Paris, France: OECD Publishing.

_____ (2015). OECD review of public governance of public-private partnerships in the United Kingdom. Paris, France: OECD Publishing.

_____ (2016). OECD dataset on the governance of infrastructure. Paris, France: OECD Publishing. Available from https://qdd.oecd.org/subject.aspx?Subject=GOV_INFRG.

_____ (2017). Getting infrastructure right: A framework for better governance. Paris, France: OECD Publishing.

_____ (2017b). Selected good practices for risk mitigation and allocation in infrastructure in APEC economies. OECD report in cooperation with the Global Infrastructure Hub and the Asian Development Bank. Paris, France: OECD Publishing.

_____ (2018). OECD survey of capital budgeting, infrastructure governance and PPPs. Paris, France: OECD Publishing.

_____ (2018b). Subnational public-private partnerships: Meeting infrastructure challenges. OECD Multi-level Governance Studies. Paris, France: OECD Publishing. https://doi.org/10.1787/9789264304864-en.

_____ (2019a). Report on the implementation of the recommendation of the Council on Principles for Public Governance of Public-Private Partnerships. Paris, France: OECD Publishing.

_____ (2019b). Budgeting and public expenditures in OECD countries 2019. Paris, France: OECD Publishing. https://doi.org/10.1787/9789264307957-en.

U.S. National Council for Public-Private Partnerships (2015). NCPPP glossary of terms. Retrieved April 19, 2015. Available from http://www.ncppp.org/pppbasics/glossary-of-terms/.

World Bank (2018). Procuring infrastructure public-private partnerships (PPPs) 2018. Washington, DC: World Bank. Available from https://bpp.worldbank.org/.




DOI: http://dx.doi.org/10.24294/jipd.v3i2.1148

Refbacks

  • There are currently no refbacks.


Copyright (c) 2019 Ana Maria Ruiz Rivadeneira, Ludger Schuknecht

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Creative Commons License
This site is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.