Public Private Partnerships in the Caribbean : Bridging the Financing Gap
Caribbean countries are committed to
achieving significant economic and social development to
raise the living standards and welfare of citizens. To
achieve rapid development, to support most needed
sustainable high growth rates and poverty reduction, it is
necessary to make substantial and immediate investments in
economic and social infrastructure. Efficient, cost
competitive facilities and services in transport and
communications, energy, water, sanitation, health and
education are essential to drive and support this
development effort and to reduce poverty. Yet, fiscal space,
the resources available to the public sector for needed
infrastructure investments are very limited. Many Caribbean
countries have high levels of public debt as a percentage of
gross domestic product (GDP) and high fiscal deficits. Under
traditional public procurement, government obtains a public
infrastructure service such as electricity, water supply,
schools and hospitals, by engaging a contractor to construct
a facility which the Government then owns, manages and
operates. This form of public procurement will continue, but
as a result of the limited fiscal space, public
infrastructure services development will also be sought
through public private partnership (PPP) arrangements which
will mean a broader role for the private sector in providing
infrastructure facilities and services. The Governments of
most Caribbean countries appear fully committed to promoting
economic activities and enhancing the well-being of its
citizens through more active participation of the private
sector in improving the infrastructure of the nation. Those
Governments believe that improving infrastructure through
PPP arrangements will harness the development of the private
sector to contribute to the growth of GDP and poverty
reduction over the life of their respective strategic
development plan and current administrations.
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Bibliographic Details
| Main Author: |
Guasch, Jose Luis |
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| Format: | Working Paper
biblioteca
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| Language: | English
en_US |
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| Published: |
World Bank, Washington, DC
2013-06
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| Subjects: | ACCOUNTING,
ARBITRAGE,
AUCTION,
BEST PRACTICE,
BEST PRACTICES,
BONDS,
CAPACITY BUILDING,
CAPITAL MARKETS,
CIVIL SOCIETY,
COMMON LAW,
COMMUNICATIONS PLATFORM,
CONTRACT DESIGN,
DELIVERY METHODS,
DEVELOPMENT BANK,
DOCUMENTS,
ECONOMIC ACTIVITIES,
ECONOMIES OF SCALE,
ELECTRICITY,
EMERGING MARKETS,
ENTRY POINT,
EQUITY FUNDS,
FINANCIAL COMMITMENTS,
FINANCIAL INSTITUTIONS,
FINANCIAL INSTRUMENTS,
FINANCIAL MANAGEMENT,
FINANCIAL MARKET,
FINANCIAL RESOURCES,
FINANCIAL SERVICES,
FISCAL CAPACITY,
FISCAL DEFICITS,
GENERAL PUBLIC,
GOVERNMENT FINANCING,
GOVERNMENT GUARANTEES,
HOSPITALS,
HUMAN CAPITAL,
ICT,
IMAGE,
IMPLEMENTING AGENCIES,
INFRASTRUCTURE BONDS,
INFRASTRUCTURE INVESTMENT,
INFRASTRUCTURE INVESTMENTS,
INFRASTRUCTURE PROVIDERS,
INSTITUTION,
INSTITUTIONAL CAPACITY,
INTERFACE,
INTERNATIONAL BANK,
INTERNATIONAL DEVELOPMENT,
INTERNATIONAL MARKETS,
INVESTMENT FUNDS,
ISSUANCE,
KNOWLEDGE SHARING,
LEGAL FRAMEWORK,
LEGAL IMPEDIMENTS,
LEGAL INSTRUMENTS,
LEGAL TRADITION,
LEGISLATIVE REFORM,
LENDERS,
LIVING STANDARDS,
LOCAL CAPACITY,
MARKET DEVELOPMENT,
MARKETING,
MARKETING STRATEGY,
MODELING,
NATIONAL TRAINING,
PENSION,
PENSION FUNDS,
PERFORMANCE INDICATORS,
PERFORMANCE RISK,
PHOTO,
PILOT PROJECTS,
POLICY FRAMEWORK,
PORTFOLIOS,
POTENTIAL INVESTORS,
PPP,
PRIVATE CAPITAL,
PRIVATE EQUITY,
PRIVATE PARTNERSHIP,
PRIVATE SECTOR,
PRIVATE SECTORS,
PROCUREMENT PROCESS,
PRODUCTIVITY,
PUBLIC,
PUBLIC ACCESS,
PUBLIC ADMINISTRATION,
PUBLIC DEBT,
PUBLIC INFRASTRUCTURE,
PUBLIC PRIVATE PARTNERSHIPS,
PUBLIC PROCUREMENT,
PUBLIC RESOURCES,
PUBLIC SECTOR,
REGIONAL INITIATIVES,
REGISTRY,
REGULATORY FRAMEWORK,
REGULATORY OVERSIGHT,
RELIABILITY,
RESULT,
RESULTS,
SOCIAL DEVELOPMENT,
STOCK EXCHANGES,
TELECOMMUNICATIONS,
TRAINING PROGRAMS,
TRANSACTION,
TRANSPARENCY,
TYPOLOGY,
WEB, |
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| Online Access: | http://documents.worldbank.org/curated/en/2013/06/17886508/public-private-partnerships-caribbean-bridging-financing-gap
http://hdl.handle.net/10986/16618
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