1.

Record Nr.

UNINA9910463991903321

Titolo

The effects of the financial crisis on public-private partnerships [[electronic resource] /] / prepared by Philippe Burger ...[et al.]

Pubbl/distr/stampa

[Washington, D.C.], : International Monetary Fund, c2009

ISBN

1-4623-2449-5

1-4527-9446-4

1-4518-7291-7

9786612843587

1-282-84358-3

Descrizione fisica

1 online resource (26 p.)

Collana

IMF working paper ; ; WP/09/144

Altri autori (Persone)

BurgerPhilippe

Soggetti

Public-private sector cooperation

Global Financial Crisis, 2008-2009

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

At head of title: Fiscal Affairs Department.

"July 2009."

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; I. Introduction; II. Public-Private Partnerships; Boxes; 1. Definition of PPPs; III. Transmission Mechanisms: Threats, Vulnerabilities and Risk; A. Crisis Transmission Mechanisms: Threats; Figures; 1. Developed and Emerging Market Interest Rates; 2. Project Finance Syndicated Loans Volume by Region; B. Crisis Transmission Mechanisms: Vulnerabilities; C. Crisis Transmission Mechanisms: Risks; Tables; 1. Channels of Transmission of the Financial Crisis; 2. Effect of a Crisis on PPP Partners; 3. Typology of Risks Affecting PPPs; IV. Impact of the Crisis: Evidence

4. Total Investment Commitments3. The Crisis, Emerging Markets, Foreign Investment and Exchange Rates; 5. Ongoing PPP Projects in Emerging Markets Affected by the Financial Crisis; 4. Country Evidence: Effects of the Crisis on PPPs; V. Managing Crisis Risks for PPPs; 6. Survey Analysis: Risks and Institutional Framework; A. Intervention Measures; 5. Government Measures to Reinvigorate PPPs; B. Intervention Principles; C. "Trip Switch" Clauses; References



Sommario/riassunto

The paper investigates the impact of the global financial crisis on public-private partnerships (PPPs) and the circumstances under which providing support to new and existing projects is justified. Based on country evidence, cost of and access to finance are found to be the main channels of transmission of the financial crisis, affecting in particular pipeline PPP projects. Possible measures to help PPPs during the crisis include contract extensions, output-based subsidies, revenue enhancements and step-in rights. To limit government's exposure to risk, while preserving private partner's effic