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Kenya in major policy shift on support for PPPs

Over 70 projects being implemented under the public-private partnership framework in Kenya face an uncertain future, after a government decision to withdraw financial and risk guarantees. Despite a push by the government for the private sector to be actively involved in cash-intensive infrastructure projects, the National Treasury has unveiled a new policy that is bound to have far-reaching ramifications for PPP projects.

IL&FS crisis may sound death knell for PPP

The default crisis that has struck IL&FS (largest Indian shadow banks), flagbearer of the public-private partnership (PPP) programme, may be the last straw for this once-promising avenue of infrastructureNSE -3.24 % development, experts and executives said, adding that the government will have to take over that role once more. The private sector’s enthusiasm for investment in infrastructure has in any case been waning for some time now, they said.

Bank Indonesia Governor has asserted that private infrastructure financing could boost growth to 6.5%

Bank Indonesia Governor Perry Warjiyo has asserted that private infrastructure financing could boost growth to 6.5%. “‘If infrastructure financing is sourced from private companies, foreign capital will enter,’ he added. ‘This is [part of] the BI and OJK’s [Financial Services Authority] concrete steps toward narrowing the current account deficit, while at the same time, boosting growth in the medium and long terms,’ said Perry.”

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Spotlight on Sustainable Development 2018

"The world is off-track in terms of achieving sustainable development and fundamental policy changes are necessary to unleash the transformative potential of the SDGs.” This is the main message of the Spotlight Report 2018, the most comprehensive independent assessment of the implementation of the 2030 Agenda. The report was launched on 9 July, the opening day of the High Level Political Forum at the United Nations in New York by a global coalition of civil society organizations and trade unions.

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Unmasking the Hidden Power of Cities. Using their authorities, energy and promise to secure the common good.

The Partnership for Working Families, which recently co-authored a new report on the unique power of cities to make progressive change, has launched “We Make This City,” a 10-city national campaign “for community-controlled, publicly owned institutions, structures, and services. We are fighting to ensure all people have access to the systems and structures needed to live full and healthy lives. This includes transportation systems that connect us to work, schools and services, the ability to afford housing in the communities we love, access to clean water and energy and organized power for workers who make all this possible. Public infrastructure connects us all and should serve the needs of the people, not the pockets of corporations. (…) As we struggle to meet our people’s basic needs, corporate interests tell us that they are actually the solution to our problem. Private entities are taking over our roads, our water and our schools — the building blocks of our cities — to create more profit for themselves. It isn’t working for us. The rich are getting richer and our people are suffering.”

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Financing change: How to mobilize private sector financing for sustainable infrastructure

Financing change: How to mobilize private sector financing for sustainable infrastructure (McKinsey Center for Business and Environment). This paper has offered an overview of the barriers and opportunities for increasing privatesector investment in sustainable infrastructure. There are a number of areas that would benefit from further examination, such as how to create frameworks for blending private and public capital, how to assess existing instruments, how to develop innovative solutions, and how to work better with business.

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CSOs as equal partners in monitoring public finance

CSOs as equal partners in monitoring public finance started from 2016 with the aim to improve accountability and transparency of the public finance in targeted countries and strengthen Civil Society Organisations’ (CSOs) role and voice in monitoring the institutions’ performance in that area. Key project activities are research and monitoring, advocacy, capacity building and transfer of knowledge/practices and networking in the field of the 4 specific topics: • public debt, • public-private partnerships, • tax equity and • infrastructure projects. More about the project and our work can be found here: https://www.facebook.com/BalkanMonitoringPublicFinance/

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