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    Philippines: Management of Contingent Liabilities Arising from Public-Private Partnership Projects

    Asian Development Bank | December 2016
    Abstract
    Given the rapid growth of the public–private partnership program (PPP), the Philippine government has initiated reforms to strengthen the framework for managing contingent liabilities arising from PPP projects. This study shows that major directions requiring further effort include (i) better pricing of government guarantees, (ii) adoption of methodology for quantification of contingent liabilities, (iii) setting prudential limits on PPP contingent liabilities, (iv) development of procedures for payment of materialized contingent liabilities from the national budget’s unprogrammed fund, and (v) in the medium term, setting up a contingent liabilities fund financed through budget appropriations and contributions of project sponsors.
    Citation
    Asian Development Bank. 2016. Philippines: Management of Contingent Liabilities Arising from Public-Private Partnership Projects. © Asian Development Bank. http://hdl.handle.net/11540/6765. License: CC BY 3.0 IGO.
    PDF ISBN
    978-92-9257-640-0
    Print ISBN
    978-92-9257-639-4
    Keywords
    Private enterprises
    Private ownership
    Government
    Public enterprises
    Public finance
    Infrastructure projects
    Development projects
    Financial loss
    Financial & Private Sector Development
    Private Sector Investments
    Private Sector Participation
    Private Sector Projects
    Public Sector Infrastructure
    Public Sector Management
    Public Sector Projects
    Central local government relations
    Administration
    Decentralization in government
    Subnational governments
    Government monopolies
    Intergovernmental fiscal relations
    Investment of public funds
    Local finance
    Government services
    State governments
    Municipal government
    Bank failures
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    Citable URI
    http://hdl.handle.net/11540/6765
    Metadata
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    Thumbnail
    phi-contingent-liabilities-ppps (3.252Mb)
    Author
    Asian Development Bank
    Theme
    Private Sector
    Public Sector
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise