Risk Mitigation and Sovereign Guarantees for Public–Private Partnerships in Developing Economies
Jett, Alexander N. | November 2018
Abstract
Public–private partnerships (PPPs) face a range of challenges in developed economies, such as appropriate risk sharing, attracting the right sponsors, and ensuring quality of service. As a large percentage of ADB’s developing member countries are considered risky borrowers by international standards, sovereign risks play an important role in predicting the number of PPPs as well as the size of investment commitments. To catalyze PPPs in developing economies with higher risk ratings, sovereign risk mitigation is often needed. This article explores how country and sovereign risks deter private investors, solutions provided by multilateral development banks to reduce these risks, and policy implications for employing these solutions.
Citation
Jett, Alexander N.. 2018. Risk Mitigation and Sovereign Guarantees for Public–Private Partnerships in Developing Economies. © Asian Development Bank. http://hdl.handle.net/11540/9347. License: CC BY 3.0 IGO.ISSN
2313-6537 (print)
2313-6545 (electronic)
Keywords
Financial & Private Sector Development
Private Sector Investments
Private Sector Participation
Private Sector Projects
Financial Stability
Financial Management System
Financial Restructuring
Capital Market Development
Market Development
Public Sector
Public Sector Management
Development Cooperation
Development Goals
Organization For Economic Cooperation & Development
Public Sector Projects
Private enterprises
Private ownership
Government
Infrastructure projects
Development projects
Financial loss
International Financial Market
Multilateral Financial Institutions
Project finance
Strategic planning
Infrastructure projects
Government programs
Public finance
Public enterprises
Local finance
Business recessions
Multilateral development banks
Regulatory reform
Capital
Exports
Economic development projects
Investment Requirements
Banks
International banks and banking
Capital movements
Central banks and banking
Bills of exchange
Swaps
Banks and banking
Financial crisis
Credit control
Credit allocation
Capital market
Rural enterprise zones
Communication in community development
Social participation
Development banks
Community banks
Partnership
Joint venture
Economic development
Public works
Administrative agencies
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