Public Investment and Public-private Partnerships [Hardback]Addressing Infrastructure Challenges and Managing Fiscal Risksby Gerd Schwartz (Editor) and Ana Corbacho (Editor) and Katja Funke (Editor)
Usually ships within 5 to 7 working days Description of Public Investment and Public-private PartnershipsThe need to upgrade public infrastructure, improve the delivery of public services, and explore new options for partnering with the private sector is being increasingly recognized. While this has created important new business opportunities for the private sector, it has also given rise to new challenges for governments. Having sufficient 'fiscal space' for key public expenditure programs that support economic development, including public investment, is essential, even in the context of tight government budgets. However, public investment, like other spending, has to be carried out within a sustainable macroeconomic framework. It also has to be accompanied by efforts to strengthen the efficiency of such spending and to manage the significant fiscal risks that come from new options for delivering infrastructure services, including via greater private-sector participation.Based on the proceedings from a high-level international seminar for government officials, this book looks at options to strengthen the efficiency of public investment and manage fiscal risks from public-private partnerships, with important contributions from academics, practitioners and members of several international organizations. Title Information
Write a review of this book Customer Reviews from AmazonAbout Gerd Schwartz (Editor) and Ana Corbacho (Editor) and Katja Funke (Editor)GERD SCHWARTZ is an Assistant Director at the International Monetary Fund. He has previously worked with the European Investment Bank and the Inter-American Development Bank, and done research on fiscal and macroeconomic policy issues, particularly expenditure policies. He holds a PhD in Economics from the State University of New York at Albany. ANA CORBACHO is a Senior Economist at the International Monetary Fund. She has done research on various fiscal and macro issues, including education policy and growth, income distribution, fiscal institutions, and public investment and PPPs. She holds a PhD in Economics from Columbia University in the City of New York. KATJA FUNKE is an Economist at the International Monetary Fund. She previously worked as an economist for the European Central Bank. Her research focuses on balance of payments issues in the European monetary union. She holds a doctoral degree in Economics from the WHU Otto Beisheim School of Management, Germany.Contents of Public Investment and Public-private PartnershipsPrefaceForeword; T.Ter-Minassian Introduction; G.Schwartz, A.Corbacho & K.Funke PART I: PUBLIC INVESTMENT AND FISCAL POLICY IN EUROPE Public Capital and Economic Growth: Key Issues for Europe; J.de Haan, W.Romp & J.-E.Sturm A Primer on Public Investment in Europe; E.Peree & T.Valila Challenges for Public Investment in New EU Member States; A.Jevcak & F.Keereman Budgeting of Public Investments; E.Tandberg Comments on Part I; C.Kamps & C.Rosenberg PART II: FISCAL RISKS FROM PPPs PPPs and Fiscal Risks: Should Governments Worry?; A.Corbacho & G.Schwartz Controlling Spending Commitments in PPPs; T.Irwin PPPs and Fiscal Risks: Experience of Portugal; R.S.Monteiro Comments on Part II; G.Kiss & M.Mrsnik PART III: THE INSTITUTIONAL ENVIRONMENT FOR PPPs The OECD Principles for Private Sector Participation in Infrastructure; H.Christiansen Legal Regimes for PPPs in Central and Eastern Europe; A.Zverev; Combining PPPs with EU Grants; H.Goldsmith Managing PFI Projects in the United Kingdom; E.Farquharson Negotiating and Renegotiating PPPs and Concessions; L.A.Andres & J.L.Guasch Comments on Part III; D.Bergvall PART IV: PPP ACCOUNTING, REPORTING AND AUDITING PPPs: Some Accounting and Reporting Issues; R.Hemming IPSASB: Service Concession Arrangements; M.Hathorn Accounting for PPPs: The Eurostat Approach; P.de Rougemont Framework for PPP Audits in the United Kingdom; P.Leahy PPP Audits in Portugal; F.Machado Hungary's Audit Experience with PPPs; G.Bager Comments on Part IV; K.Seregelyes & J.Ramallo-Massanet Your recently viewed titles |
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