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03717cam a22004094a 4500 001 1CCCE0EC2B1111DE9FAE8B08A8D7520A 005 200904170032.0 008 060822s2006 dcu b i000 0 eng 010 $a 2006297462 020 $a 9781589064935 020 $a 1589064933 035 $a (OCoLC)68905888 040 $a DLC $c DLC $d SILO $d BAKER $d IG# $d COD $d YDXCP $d BTCTA $d NLGGC $d NIU $d SILO 050 00 $a HD2961 $b .P827 2006 084 $a 83.44 $2 bcl 245 0 $a Public-private partnerships, government guarantees, and fiscal risk / $c staff team led by Richard Hemming. 260 $a Washington, D.C. : $b International Monetary Fund, $c c2006. 300 $a vii, 90 p. ; $c 28 cm. 500 $a "IMF special issues paper is based on two papers ... discussed by the IMF Executive Board in April 2004 and May 2005 as part of a wider-ranging discussion of issues related to public investment and fiscal policy"--Pref. 500 $a "Prepared by a staff team from the Fiscal Affairs Department of the IMF led by Richard Hemming"--Pref. 504 $a Includes bibliographical references (p. 86-90). 505 2 $a Public-private partnerships -- Government guarantees and fiscal risk -- PPPs, guarantees, and debt sustainability -- Summary and conclusions. 520 $a Public-private partnerships (PPPs) refer to arrangements under which the private sector supplies infrastructure assets and infrastructure-based services that traditionally have been provided by the government. PPPs are used for a wide range of economic and social infrastructure projects, but they are mainly used to build and operate roads, bridges and tunnels, light rail networks, airports and air traffic control systems, prisons, water and sanitation plants, hospitals, schools, and public buildings. PPPs offer benefits similar to those offered by privatization, which is the sale of government-owned enterprises or assets. By the late 1990s, when privatization was losing much of its earlier momentum, PPPs began to be widely seen as a means of obtaining private sector capital and management expertise for infrastructure investment. After a modest start, a wave of PPPs is now beginning to sweep the world. This special issue paper provides an overview of some of the issues raised by PPPs, with a particular focus on their fiscal consequences. It also looks at government guarantees, which are used fairly widely to shield the private sector from risk and are a common feature of PPPs, and examines the consequences of PPPs and guarantees for debt sustainability. The paper concludes with a list of measures that can maximize the benefits and minimize the fiscal risks associated with the use of PPPs. Various appendices augment the discussion by examining country experiences with PPPs, summarizing the statistical reporting framework used to discuss fiscal accounting and reporting, explaining accounting for risk transfer, examining the how guarantees are modeled and estimated in Chile, and summarizing international accounting and reporting standards for contingent liabilities.--Publisher's description. 650 0 $a Public-private sector cooperation. 650 0 $a Debt. 650 17 $a Publiek-private samenwerking. $2 gtt 650 17 $a Buitenlandse schulden. $2 gtt 650 17 $a Garanties. $2 gtt 700 1 $a Hemming, Richard. 710 2 $a International Monetary Fund. $b Fiscal Affairs Dept. 856 42 $u http://www.imf.org/External/Pubs/NFT/2006/ppp/eng/ppp.pdf $z view preliminary pages online 939 $a 5902865 941 $a 2 952 $l USUX851 $d 20160823083334.0 956 $a http://locator.silo.lib.ia.us/search.cgi?index_0=id&term_0=1CCCE0EC2B1111DE9FAE8B08A8D7520A 994 $a 02 $b NIU 952 $l UNUX074 $d 20090701080000.0Initiate Another SILO Locator Search