Benchmarking Infrastructure Development
Despite its intrinsic relevance and policy makers’ efforts to address the infrastructure gap, progress has been limited. A confluence of challenges from macroeconomic shocks and political instability to weak institutional capacity has hindered the capacity of countries to develop infrastructure that meets demand. Increasing efficiencies in delivering infrastructure services is at the core of addressing the gap. Numerous countries have turned to private sector participation in infrastructure development to achieve these efficiencies and catalyze private capital investments. Although there are different modalities to procure infrastructure, public-private partnerships (PPPs) have been extensively used by many countries to deliver successful programs. This report examines one of the key elements of an overall sound PPP ecosystem, the crucial role that the quality of PPP regulatory frameworks plays in fostering a conducive ecosystem for successful PPP programs while acknowledging that it is just one of several critical factors. This report incorporates new empirical analysis from primary data collected through Benchmarking Infrastructure Development 2023 (BID 2023). It also uses country case studies to illustrate and draw lessons from how countries have created robust PPP ecosystems and strengthened PPP regulatory frameworks over time. This report is aligned with the Knowledge Compact Agenda’s focus on evidence-based decision-making by providing evidence-based knowledge that can inform development strategies and PPP operations. Additionally, it focuses on fostering the PPP ecosystem that is conducive to private sector investment, thereby contributing to the Private Capital Enabling (PCE) objectives that will ultimately support Private Capital Mobilization (PCM), two critical corporate objectives of the World Bank Group to help to close the infrastructure gap.
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| Format: | Report biblioteca |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2024-10-09
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| Subjects: | INFRASTRUCTURE AND GROWTH, PPP ACCOUNTING AND REPORTING, FINANCIAL SECTOR DEVELOPMENT, MACROECONOMIC AND STRUCTURAL POLICIES, DECENT WORK AND ECONOMIC GROWTH, SDG 8, |
| Online Access: | http://documents.worldbank.org/curated/en/099091724141032233/P5004581fa9a660291a87d1a08e7c377b6f https://hdl.handle.net/10986/42235 |
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| Summary: | Despite its intrinsic relevance and
policy makers’ efforts to address the infrastructure gap,
progress has been limited. A confluence of challenges from
macroeconomic shocks and political instability to weak
institutional capacity has hindered the capacity of
countries to develop infrastructure that meets demand.
Increasing efficiencies in delivering infrastructure
services is at the core of addressing the gap. Numerous
countries have turned to private sector participation in
infrastructure development to achieve these efficiencies and
catalyze private capital investments. Although there are
different modalities to procure infrastructure,
public-private partnerships (PPPs) have been extensively
used by many countries to deliver successful programs. This
report examines one of the key elements of an overall sound
PPP ecosystem, the crucial role that the quality of PPP
regulatory frameworks plays in fostering a conducive
ecosystem for successful PPP programs while acknowledging
that it is just one of several critical factors. This report
incorporates new empirical analysis from primary data
collected through Benchmarking Infrastructure Development
2023 (BID 2023). It also uses country case studies to
illustrate and draw lessons from how countries have created
robust PPP ecosystems and strengthened PPP regulatory
frameworks over time. This report is aligned with the
Knowledge Compact Agenda’s focus on evidence-based
decision-making by providing evidence-based knowledge that
can inform development strategies and PPP operations.
Additionally, it focuses on fostering the PPP ecosystem that
is conducive to private sector investment, thereby
contributing to the Private Capital Enabling (PCE)
objectives that will ultimately support Private Capital
Mobilization (PCM), two critical corporate objectives of the
World Bank Group to help to close the infrastructure gap. |
|---|