07147oam 22015374 450 991095718550332120250426110643.0978661284358797814623244911462324495978145279446414527944649781451872910145187291797812828435851282843583(CKB)3170000000055296(EBL)1608353(SSID)ssj0001475401(PQKBManifestationID)11787770(PQKBTitleCode)TC0001475401(PQKBWorkID)11485887(PQKB)10212296(OCoLC)641999228(MiAaPQ)EBC1608353(IMF)WPIEE2009144(IMF)WPIEA2009144WPIEA2009144(EXLCZ)99317000000005529620020129d2009 uf 0engur|n|---|||||txtccrThe Effects of the Financial Crisison Public-Private Partnerships1st ed.Washington, D.C. :International Monetary Fund,2009.1 online resource (26 p.)IMF Working PapersAt head of title: Fiscal Affairs Department."July 2009."9781451917208 1451917201 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 Papers; Working Paper ;No. 2009/144Public-private sector cooperationGlobal Financial Crisis, 2008-2009AccountingimfBanks and BankingimfBusiness FluctuationsimfCapital and Ownership StructureimfCyclesimfEconomic & financial crises & disastersimfExchange rate riskimfExpenditureimfFinance, PublicimfFinancial CrisesimfFinancial crisesimfFinancial regulation and supervisionimfFinancial reporting, financial statementsimfFinancial Risk and Risk ManagementimfFinancial Risk ManagementimfFinancial risk managementimfFinancial services law & regulationimfFinancial statementsimfFinancing PolicyimfGoodwillimfGovernmental Loans, Loan Guarantees, Credits, and GrantsimfMarket riskimfNational Government Expenditures and Related Policies: InfrastructuresimfOther Public Investment and Capital StockimfProject EvaluationimfPublic AdministrationimfPublic finance & taxationimfPublic FinanceimfPublic financial management (PFM)imfPublic investment and public-private partnerships (PPP)imfPublic Sector Accounting and AuditsimfPublic-private sector cooperationimfPublicly Provided Goods: Mixed MarketsimfSocial Discount RateimfValue of FirmsimfCanadaimfPublic-private sector cooperation.Global Financial Crisis, 2008-2009.AccountingBanks and BankingBusiness FluctuationsCapital and Ownership StructureCyclesEconomic & financial crises & disastersExchange rate riskExpenditureFinance, PublicFinancial CrisesFinancial crisesFinancial regulation and supervisionFinancial reporting, financial statementsFinancial Risk and Risk ManagementFinancial Risk ManagementFinancial risk managementFinancial services law & regulationFinancial statementsFinancing PolicyGoodwillGovernmental Loans, Loan Guarantees, Credits, and GrantsMarket riskNational Government Expenditures and Related Policies: InfrastructuresOther Public Investment and Capital StockProject EvaluationPublic AdministrationPublic finance & taxationPublic FinancePublic financial management (PFM)Public investment and public-private partnerships (PPP)Public Sector Accounting and AuditsPublic-private sector cooperationPublicly Provided Goods: Mixed MarketsSocial Discount RateValue of Firms302.1;302.14International Monetary Fund.Fiscal Affairs Dept.DcWaIMFBOOK9910957185503321The Effects of the Financial Crisison Public-Private Partnerships4371596UNINA