Public money for private infrastructure : deciding when to offer guarantees, output-based subsidies, and other forms of fiscal support for privately provided infrastructure services / / Timothy Irwin

• Record Nr.: UNINA9910966737203321
• Autore: Irwin Timothy
• Pubbl/distr/stampa: Washington, D.C., : World Bank, 2003
• ISBN: 1-280-08659-9; 9786610086597; 0-585-47292-0
• Edizione: [1st ed.]
• Descrizione fisica: ix, 54 pages : illustrations ; ; 26 cm
• Collana: World Bank working paper ; ; no. 10
• Disciplina: 338.9
• Soggetti: Infrastructure (Economics) - Finance; Economic assistance, Domestic; Public-private sector cooperation; Capital investments
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Bibliographic Level Mode of Issuance: Monograph
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Intro -- CONTENTS -- Foreword -- Abstract -- Acknowledgments -- 1 Summary -- 2 Introduction -- 3 Clarifying the Objectives of Fiscal Support -- 4 Considering Policy Options Other Than Fiscal Support -- 5 Identifying the Instruments of Fiscal Support -- 6 Comparing the Cost of Different Instruments -- 7 Comparing the Accuracy of Different Instruments -- 8 Narrowing Down the Choice by Considering Transparency and Targeting -- 9 Improving Institutions for Decisionmaking -- 10 Concluding Remarks -- Annex: Valuing Revenue Guarantees and Variable Subsidies -- References -- BOXES -- FIGURES -- TABLES.
• Sommario/riassunto: Government decisions are rarely driven solely by the dictates of cost-benefit analyses. Generating good decision making about fiscal support also requires processes for decision making that facilitate good analysis and temper the influence of self-interest.; This report sets out a framework intended to help governments make better decisions about giving fiscal support for private infrastructure services and provides some tools to facilitate analysis. Several policies to enhance ; the collocation of information, incentives and decisions are proposed: giving responsibility to people working on the objective (rather than the instrument or the infrastructure service); separating decision making from delivery; involving those responsible for costs; utilizing decision making forums that emphasize tradeoffs; routinely generating information on costs and benefits; requiring routine disclosure of information; charging for certain types of support; and ensuring accountability for decisions.