Public-Private Partnership Programs

Project finance through public-private partnerships (PPP) can offer private investors the security that
allows them to fill the huge gap of unmet need left over when sources of public and donor financing are
exhausted. PPP can increase the proportion of large-scale infrastructure projects delivered on time and
on budget, increase innovation and competition, enhance project evaluation and due diligence,
prioritize value for money, and provide new opportunities for local capital markets. However, the
recent financial crises, the market doldrums that have followed, and the cautious response of financial
regulators have substantially reduced the financing available for PPP projects. Accordingly, governments
and business entities need to focus more than ever on managing lenders and on creating the right
framework for PPP.