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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.

Government seeks more PPP funds

Finance Minister Sri Mulyani Indrawati says the government is pursuing ‘public-private partnerships’ “The Finance Ministry has decided to enhance the role of public-private partnerships (PPP) to boost the construction of public facilities and export financing as it announced on Monday infrastructure projects set to be financed through the scheme. Sri Mulyani, a former WB managing director, assigned four of the Finance Ministry-backed financing firms to help mediate funds from the government and the private sector, and plan their utilization for eight infrastructure projects.”

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Spotlight on Sustainable Development 2017

The report provides the most comprehensive independent assessment of the implementation of the 2030 Agenda and its Sustainable Development Goals (SDGs). In recent decades, the combination of neoliberal ideology, corporate lobbying, business-friendly fiscal policies, tax avoidance and tax evasion has led to a massive weakening of the public sector and its ability to provide essential goods and services.

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“No Free Bridge”

In a new Economic Policy Institute report, “No Free Bridge,” researcher Hunter Blair shows just why these partnerships are far from a “eureka” moment for America’s infrastructure woes. “The idea that P3s allow infrastructure to be built for free is economic snake oil,” Blair said.

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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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