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News (6)

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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

Building the Right Infrastructure for Tomorrow

The World Bank is now doing an infrastructure roundtable in Cape Town promoting the PPP Guidance that has shown to be very unfair and unbalanced. They want a debate on twitter under the hashtag #InfraGovernance. The World Bank is promoting this event online via facebook ads. PSI and our allies will use our POP platform to organise our unions and our allies to push back against the World Bank attempts to use social media to sell their unpopular programme in South Africa. Use #InfraGovernance and say – People Over Profit // Good Governance for Public Procurement // PPP MisGuidance

Source: World Bank Live

Documents (6)

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G20 Eminent Persons Group (EPG) on Global Financial Governance: Update for the G20 Meeting of Finance Ministers and Central Bank Governors Buenos Aires, March 2018

This note summarizes some of the key ideas being developed by the EPG on reforms to improve the functioning of the global financial architecture and governance, in keeping with its mandate. They have benefitted from very constructive discussions with the International Financial Institutions (IFIs) and a wide range of other stakeholders, and will be further developed in the coming months.

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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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'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.”