03833nam 2200637Ia 450 991081201960332120200520144314.01-4623-2449-51-4527-9446-41-4518-7291-797866128435871-282-84358-3(CKB)3170000000055296(EBL)1608353(SSID)ssj0001475401(PQKBManifestationID)11787770(PQKBTitleCode)TC0001475401(PQKBWorkID)11485887(PQKB)10212296(OCoLC)641999228(MiAaPQ)EBC1608353(IMF)WPIEE2009144(EXLCZ)99317000000005529620100915d2009 uf 0engur|n|---|||||txtccrThe effects of the financial crisis on public-private partnerships /prepared by Philippe Burger ...[et al.]1st ed.[Washington, D.C.] International Monetary Fundc20091 online resource (26 p.)IMF working paper ;WP/09/144At head of title: Fiscal Affairs Department."July 2009."1-4519-1720-1 Includes bibliographical references.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: Evidence4. 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; ReferencesThe 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 efficiency incentives, intervention measures should be consistent with the wider fiscal policy stance, be contingent on specific circumstances, and be adequately costed and budgeted. Governments should be compensated for taking on additional risk.IMF working paper ;WP/09/144.Public-private sector cooperationGlobal Financial Crisis, 2008-2009Public-private sector cooperation.Global Financial Crisis, 2008-2009.302.1;302.14Burger Philippe497897International Monetary Fund.Fiscal Affairs Dept.MiAaPQMiAaPQMiAaPQBOOK9910812019603321The effects of the financial crisis on public-private partnerships4202740UNINA