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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