Details

Subject(s)

• Public-private sector cooperation [Browse]

Summary note

"This book explores how the private sector has long been expected to mobilize finance into much needed infrastructure investment in developing countries. This insightful book is a detailed exploration of the World Bank's initial promotion of public-private partnerships (PPPs) as a solution, and evaluates their insufficient performance over the past decades. James Leigland expertly delves into the past 30 years of PPP advocacy to argue that blind faith in PPPs has led to a failure to deal with the main obstacles to infrastructure investment in the developing world. Investigating the successes and inadequacies of PPPs over the years, Leigland demonstrates that over-reliance on, and unreserved promotion of, these projects will not close the infrastructure gap in developing countries. Leigland goes on to suggest alternatives to PPPs that would allow for cost-effective financing and management of infrastructure, that would help achieve the UN's Sustainable Development Goals. The Rise and Fall of Public-Private Partnerships is essential reading for practitioners, policy makers and those who are actively funding campaigns to promote PPPs in developing countries. It will also be of substantial interest to organisations and scholars, questioning and exploring the use of PPPs in this under researched area"-- Back cover.

Bibliographic references

Includes bibliographical references (pages 269-286) and index.

Contents

• List of figures
• List of tables
• List of boxes
• About the author
• Preface
• List of abbreviations
• 1 Introduction: the paradox of PPP advocacy
• 1.1 The PPP revolution that never happened
• 1.2 Understanding the reality of PPPs
• 1.3 The evidence-based critique
• 1.4 The PPP constituency
• 1.5 Project preparation facilities: operations and impacts
• 1.6 The paradox of PPP advocacy
• 1.7 The scope of this book
• PARTI THE ORIGINS OF PPP ADVOCACY
• 2 Structural adjustment: from privatization to PPPs
• 2.1 Introduction
• 2.2 The need to reform state-owned enterprises (SOEs)
• 2.3 The failure of performance agreements
• 2.4 A new game plan: privatization
• 2.5 The emergence of PPPs
• 2.6 Persuasion vs. analysis under structural adjustment
• 2.7 Outsourced preparation of PPPs
• 2.8 Conclusions
• 3 Lessons of the 1990s: back to PPP basics
• 3.1 Introduction
• 3.2 PPPs and poverty reduction
• 3.3 The need for a more deliberative approach to PPPs
• 3.4 Back to PPP basics
• 3.5 AICD: understanding the infrastructure investment gap
• 3.6 Evaluating the deliberative approach to PPPs
• 3.7 Conclusions
• PART II BILATERAL DONORS DRIVE THE PPP AGENDA
• 4 DFID assumes the leadership of PPP advocacy
• 4.1 Introduction
• 4.2 The U.K.'s experience with private participation
• 4.3 Promoting the concept of private investment: DFID's PSI portfolio
• 4.4 Persuasion vs. analysis in the donor approach
• 4.5 Private Infrastructure Advisory Facility (PPIAF)
• 4.6 Global Partnership on Output-based Aid (GPOBA)
• 4.7 Conclusions
• 5 Project preparation facilities: the transaction-only approach
• 5.1 Introduction
• 5.2 IFC PPP Advisory
• 5.3 IFC: the question of replication
• 5.4 The Private Infrastructure Development Group (PIDG)
• 5.5 Assessing PIDG performance
• 5.6 Conclusions
• PART III THE GLOBALIZATION OF PPP ADVOCACY
• 6 Franchising PPP advocacy: PPP units
• 6.1 Introduction
• 6.2 PPP units: governments take ownership of PPP project development
• 6.3 Benefits and costs
• 6.4 Ex ante project analysis: the U.K. experience
• 6.5 Ex ante analysis in developing countries
• 6.6 Three PPP unit case studies
• 6.7 Conclusions
• 7 PPPs on a global stage: regional projects
• 7.1 Introduction
• 7.2 The G8 Gleneagles Summit
• 7.3 Regional infrastructure issues in Africa
• 7.4 From NEPAD's STAP to the AU's PIDA
• 7.5 Questions about the viability of regional PPP projects
• 7.6 Case study: Inga III and the challenges of regional projects
• 7.7 The global financial crisis and the need to rethink PPP finance
• 7.8 PIDA course correction --7.9 Conclusions
• 8 A new strategy for PPP advocacy: the project preparation gap
• 8.1 Introduction
• 8.2 The need for a new strategy to increase infrastructure investment
• 8.3 The project preparation gap
• 8.4 PPP project preparation challenges
• 8.5 The G20's project preparation strategy: a focus on PPFs
• 8.6 The development community's response: a competition for PPF resources
• 8.7 The myth of the preparation gap
• 8.8 Conclusions
• PART IV WHAT HAVE WE LEARNED ABOUT PPPS?
• 9 The costs and benefits of the transaction-only approach
• 9.1 Introduction
• 9.2 What does market behavior tell us about "successful" PPP projects?
• 9.3 What do we know about demonstration effects?
• Conclusions
• 10 South Africa's renewable energy IPP program: the rediscovery of upstream project preparation
• 10.1 Introduction
• 10.2 REIPPPP's upstream success factors
• 10.3 REIPPPP's rapid rise and fall
• 10.4 REIPPPP's influence: IFC's Scaling Solar program
• 10.5 "IFC 3.0": mainstreaming upstream preparation
• 10.6 Conclusions
• PART V CONCLUSIONS
• 11 Conclusions to The Rise and Fall of Public-Private Partnerships
• 11.1 The future of PPPs
• 11.2 The last PPP advocacy argument
• 11.3 Alternatives to PPPs
• 11.4 What sustains PPP advocacy?
• 11.5 Conclusions
• 12 Postscript: revisiting the seven deadly sins of donors
• 12.1 Introduction
• 12.2 The seven deadly donor sins of PPP advocacy
• 12.3 Are there "donor fixes" for the excesses of PPP advocacy?
• References
• Index

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ISBN

• 9781035345045
• 1035345048

LCCN

2024944485

OCLC

1445425132

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