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Public Private Partnerships in the Caribbean : Bridging the Financing Gap

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dc.contributor.author Guasch, Jose Luis
dc.date.accessioned 2014-01-28T00:18:40Z
dc.date.available 2014-01-28T00:18:40Z
dc.date.issued 2013-06
dc.identifier.uri http://hdl.handle.net/10986/16618
dc.description.abstract Caribbean countries are committed to achieving significant economic and social development to raise the living standards and welfare of citizens. To achieve rapid development, to support most needed sustainable high growth rates and poverty reduction, it is necessary to make substantial and immediate investments in economic and social infrastructure. Efficient, cost competitive facilities and services in transport and communications, energy, water, sanitation, health and education are essential to drive and support this development effort and to reduce poverty. Yet, fiscal space, the resources available to the public sector for needed infrastructure investments are very limited. Many Caribbean countries have high levels of public debt as a percentage of gross domestic product (GDP) and high fiscal deficits. Under traditional public procurement, government obtains a public infrastructure service such as electricity, water supply, schools and hospitals, by engaging a contractor to construct a facility which the Government then owns, manages and operates. This form of public procurement will continue, but as a result of the limited fiscal space, public infrastructure services development will also be sought through public private partnership (PPP) arrangements which will mean a broader role for the private sector in providing infrastructure facilities and services. The Governments of most Caribbean countries appear fully committed to promoting economic activities and enhancing the well-being of its citizens through more active participation of the private sector in improving the infrastructure of the nation. Those Governments believe that improving infrastructure through PPP arrangements will harness the development of the private sector to contribute to the growth of GDP and poverty reduction over the life of their respective strategic development plan and current administrations. en
dc.language English
dc.language.iso en_US
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Caribbean knowledge series;no. 5
dc.rights CC BY 3.0 IGO
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo
dc.subject HOSPITALS
dc.subject GOVERNMENT FINANCING
dc.subject MARKETING STRATEGY
dc.subject AUCTION
dc.subject INFRASTRUCTURE BONDS
dc.subject TYPOLOGY
dc.subject PRIVATE EQUITY
dc.subject PRIVATE SECTORS
dc.subject EQUITY FUNDS
dc.subject INFRASTRUCTURE INVESTMENT
dc.subject ECONOMIC ACTIVITIES
dc.subject INTERNATIONAL BANK
dc.subject PRODUCTIVITY
dc.subject PRIVATE CAPITAL
dc.subject MARKET DEVELOPMENT
dc.subject ECONOMIES OF SCALE
dc.subject INTERNATIONAL MARKETS
dc.subject GENERAL PUBLIC
dc.subject DELIVERY METHODS
dc.subject INFRASTRUCTURE PROVIDERS
dc.subject LEGAL IMPEDIMENTS
dc.subject FINANCIAL COMMITMENTS
dc.subject TRAINING PROGRAMS
dc.subject IMAGE
dc.subject ENTRY POINT
dc.subject INTERNATIONAL DEVELOPMENT
dc.subject CONTRACT DESIGN
dc.subject PENSION FUNDS
dc.subject FISCAL CAPACITY
dc.subject TRANSACTION
dc.subject BEST PRACTICES
dc.subject PROCUREMENT PROCESS
dc.subject BEST PRACTICE
dc.subject LIVING STANDARDS
dc.subject PUBLIC
dc.subject CAPITAL MARKETS
dc.subject IMPLEMENTING AGENCIES
dc.subject INSTITUTION
dc.subject CAPACITY BUILDING
dc.subject PENSION
dc.subject POLICY FRAMEWORK
dc.subject PUBLIC PROCUREMENT
dc.subject PUBLIC DEBT
dc.subject FINANCIAL MARKET
dc.subject ELECTRICITY
dc.subject DEVELOPMENT BANK
dc.subject LEGISLATIVE REFORM
dc.subject MODELING
dc.subject ARBITRAGE
dc.subject REGIONAL INITIATIVES
dc.subject RELIABILITY
dc.subject BONDS
dc.subject PUBLIC INFRASTRUCTURE
dc.subject LOCAL CAPACITY
dc.subject PORTFOLIOS
dc.subject FINANCIAL INSTRUMENTS
dc.subject DOCUMENTS
dc.subject LEGAL INSTRUMENTS
dc.subject CIVIL SOCIETY
dc.subject GOVERNMENT GUARANTEES
dc.subject EMERGING MARKETS
dc.subject PERFORMANCE INDICATORS
dc.subject INVESTMENT FUNDS
dc.subject FINANCIAL RESOURCES
dc.subject INTERFACE
dc.subject RESULTS
dc.subject LEGAL FRAMEWORK
dc.subject LEGAL TRADITION
dc.subject REGULATORY OVERSIGHT
dc.subject PRIVATE SECTOR
dc.subject COMMON LAW
dc.subject TRANSPARENCY
dc.subject STOCK EXCHANGES
dc.subject COMMUNICATIONS PLATFORM
dc.subject PRIVATE PARTNERSHIP
dc.subject SOCIAL DEVELOPMENT
dc.subject PUBLIC ADMINISTRATION
dc.subject ISSUANCE
dc.subject WEB
dc.subject KNOWLEDGE SHARING
dc.subject NATIONAL TRAINING
dc.subject PHOTO
dc.subject PILOT PROJECTS
dc.subject FISCAL DEFICITS
dc.subject FINANCIAL INSTITUTIONS
dc.subject REGULATORY FRAMEWORK
dc.subject PUBLIC RESOURCES
dc.subject PERFORMANCE RISK
dc.subject ACCOUNTING
dc.subject LENDERS
dc.subject PUBLIC PRIVATE PARTNERSHIPS
dc.subject FINANCIAL SERVICES
dc.subject POTENTIAL INVESTORS
dc.subject PPP
dc.subject PUBLIC ACCESS
dc.subject TELECOMMUNICATIONS
dc.subject HUMAN CAPITAL
dc.subject ICT
dc.subject FINANCIAL MANAGEMENT
dc.subject REGISTRY
dc.subject MARKETING
dc.subject PUBLIC SECTOR
dc.subject RESULT
dc.subject INFRASTRUCTURE INVESTMENTS
dc.subject INSTITUTIONAL CAPACITY
dc.title Public Private Partnerships in the Caribbean : Bridging the Financing Gap en
dc.rights.holder World Bank


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