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What lies beneath? A critical assessment of PPPs and their impact on sustainable development

This report shows that the last decade has seen a huge increase in the amount of money invested in PPPs in developing countries. This has been driven by economic growth and thus the need for infrastructure development, but also by low interest rates in developed countries which has driven investors to ‘search for yield’ elsewhere. Current estimates indicate that the developing world will experience a new wave of PPPs in the near future. This report looks at the empirical and theoretical evidence available on the nature and impact of PPPs, and analyses the experiences of Tanzania and Peru. It critically assesses whether PPPs deliver on the promises of their proponents and gives concrete recommendations for policymakers.

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