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010   $a9786612843587
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035   $a(PQKBTitleCode)TC0001475401
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035   $a(OCoLC)641999228
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035   $a(IMF)WPIEE2009144
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100   $a20100915d2009      uf         0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 04$aThe effects of the financial crisis on public-private partnerships /$fprepared by Philippe Burger ...[et al.]
205   $a1st ed.
210   $a[Washington, D.C.] $cInternational Monetary Fund$dc2009
215   $a1 online resource (26 p.)
225 1 $aIMF working paper ;$vWP/09/144
300   $aAt head of title: Fiscal Affairs Department.
300   $a"July 2009."
311   $a1-4519-1720-1 
320   $aIncludes bibliographical references.
327   $aContents; 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
327   $a4. 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
330 3 $aThe paper investigates the impact of the global financial crisis on public-private partnerships (PPPs) and the circumstances under which providing support to new and existing projects is justified. Based on country evidence, cost of and access to finance are found to be the main channels of transmission of the financial crisis, affecting in particular pipeline PPP projects. Possible measures to help PPPs during the crisis include contract extensions, output-based subsidies, revenue enhancements and step-in rights. To limit government's exposure to risk, while preserving private partner's efficiency incentives, intervention measures should be consistent with the wider fiscal policy stance, be contingent on specific circumstances, and be adequately costed and budgeted. Governments should be compensated for taking on additional risk.
410  0$aIMF working paper ;$vWP/09/144.
606   $aPublic-private sector cooperation
606   $aGlobal Financial Crisis, 2008-2009
615  0$aPublic-private sector cooperation.
615  0$aGlobal Financial Crisis, 2008-2009.
676   $a302.1;302.14
701   $aBurger$b Philippe$0497897
712 02$aInternational Monetary Fund.$bFiscal Affairs Dept.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910812019603321
996   $aThe effects of the financial crisis on public-private partnerships$94202740
997   $aUNINA