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Are PPPs the Answer?

The Independent Evaluation Group (IEG) of the World Bank issued a blog asking "Are PPPs the Answer?" After noting profound difficulties in implementing PPPs, the authors state: "According to the 2016 World Bank Private Participation in Infrastructure (PPI) Database, the year 2016 experienced the lowest level of investment commitments compared with the previous 10 years."

Source: ieg.worldbankgroup.org

Documents (7)

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'Blended Finance' - Lipstick On The Public-Private Partnership Pig?

Tom Groenfeldt, FORBES. Public Private Partnerships, (PPPs), which are a controversial source of funding for government projects, are back at the current World Bank IMF meetings in Washington, under a new name — Blended Finance. Proponents say that blended finance is a way to fund the $2.5 trillion a year needed to “support progress towards the Sustainable Development Goals (SDGs) set forth by the United Nations." While the name is new, the concept of joint funding isn't. Wikipedia says that “The concept of blended finance was first recognized as a solution to the funding gap in the outcome document of the Third International Conference on Financing for Development in July 2015.”

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Towards a More Coherent, Integrated View of Financing Sustainable Development

This publication includes two studies. The first study “Supporting more holistic national policy making in the financing of development” by Barry Herman looks into conceptual approaches of integrated planning reviewing past and current trends on the road to integrated financing frameworks, complemented by an overview of selected analytical tools. The second study “Financing for Development and the SDGs: An analysis of financial flows, systemic issues and interlinkages“by Jesse Griffiths assesses fundamental interlinkages, synergies and trade-offs between various financial flows that underpin the Addis action areas. The studies have been supported by the Deutsche Gesellschaft für InternationaleZusammenarbeit (GIZ) GmbH.

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Understanding the basics of (securities-based) financial systems. Daniela Gabor, UWE Bristol.

The claim is that capital markets can provide new solutions to age-old development challenges (homelessness, access to education, clean water, crime prevention and helping disadvantaged children). Securities markets connect institutional investors that care about social/environmental impact with those in need of support. The aim is that ‘building movements of belief’ through institutional investment can achieve development goals. This short paper asks what is at stake in this new systematic attempt to re-engineer domestic financial systems. It suggests that securities-market based finance is a Trojan horse for financial globalisation.