World Bank Group Support to Public-Private Partnerships: Lessons from Experience in Client Countries

World Bank Group Support to Public-Private Partnerships: Lessons from Experience in Client Countries

by World Bank


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World Bank Group Support to Public-Private Partnerships: Lessons from Experience in Client Countries by World Bank

"Public-private partnerships (PPPs) are long-term contracts between a private party and a government agency that strive to provide a public asset or service in which the private party bears both some risk and some management responsibility. If implemented well, PPPs can help overcome inadequate infrastructure that constrains economic growth, particularly in developing countries.

The use of PPPs has increased in the last two decades; they are now used in more than 134 developing countries, contributing about 15-20 percent of total infrastructure investment. The World Bank Group has expanded its support to PPPs through a wide range of instruments and services. During the last 10 years, its support has increased about threefold, to nearly $3 billion per year.

The Independent Evaluation Group (IEG) assesses how effective the World Bank Group has been in helping countries use PPPs. In the evaluation, IEG examines the relevance of Bank Group support, how successful projects were, how the Bank Group coordinated support among its business lines (support to the public sector versus the private sector), and how it compares with the experience of other multilateral development banks with PPP support. IEG distills lessons to apply to the Bank Group's support of PPPs. Finally, IEG presents six recommendations that apply to both the organizational and the operational aspects of this work."

Product Details

ISBN-13: 9781464806308
Publisher: Bernan Distribution
Publication date: 09/17/2015
Series: Independent Evaluation Group Studies
Pages: 226
Product dimensions: 7.00(w) x 10.00(h) x 0.48(d)

Table of Contents

Abbreviations ix

Acknowledgments xi

Overview xiii

Management Response xxvii

Management Action Record xxxv

Chairperson's Summary: Committee on Development Effectiveness xliii

1 Introduction to Public-Private Partnerships 1

Who Are PPPs? 3

Rationale for Supporting PPPs 7

PPPs and the Poor 8

PPP Trends Globally and the World Bonk Group's Engagement 9

Evaluation Design 13

2 Relevance of World Bank Group Support 23

The World Bonk Group's Stralegic Framework for PPPs 25

The World Bank Group's Strategic Resources Deployment on PPPs 26

Addressing Countries' Development Priorities and PPP Constraints 34

Conclusion 37

3 Paving the Way for PPPs through Policy Reform and Institution Building 41

World Bank Group Interventions to Improve the PPP Enabling Environment 42

Focus and Results of World Bank Group Upstream Work 45

Drivers of Success of Upstream Work 52

Conclusion 64

4 Did Public-Private Partnerships Deliver? 67

World Bank Group Support to Structuring and Financing PPPs 69

Results of World Bank Group Support to PPPs 75

Drivers of Success and Failure of PPP Performance 85

Conclusion 113

5 Working as One World Bank Group 121

Leveraging of Synergies across One World Bank Group 123

The Case for PPP Country Diagnostics 129

Challenges and Opportunities for the Future 133

Conclusion 138

6 The Experience of Other Multilateral Development Banks with Public-Private Partnerships 141

Asian Development Bank 142

European Bonk for Reconstruction and Development 144

Inter-American Development Bank 146

African Development Bank 148

European Investment Bank 149

Conclusions 151

7 Conclusions and Recommendations 153

Conclusions 153

Recommendations 161


Appendix A Methodology Used to Identify Public-Private Partnership Projects 163

Appendix B Public-Private Partnership Indicators 165

Appendix C Country Case Study Methodology 169

Appendix D Methodology for Assessing Sponsor and Market Risk in IFC Investments 177

Bibliography 181


Box 1.1 Selected PPP Definitions 3

Box 1.2 The Public Sector Finance Perspective of PPPs 6

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