Photo Credit: Tim Wang via Flickr Creative Commons
According to the World Bank Group’s Private Participation in Infrastructure (PPI) Database, an estimated 10-30% of global infrastructure projects with private-sector participation in low- and middle-income countries are unsolicited, meaning the proposal was submitted by a private sector entity without an explicit request from a government to do so. The considerable use of this alternative procurement method, where the private sector rather than the government takes the leading role in initiating and developing a project, raises important concerns for public infrastructure practitioners at both technical and political levels due to the nature of unsolicited proposals (USPs). USPs offer potential opportunities for governments, but experience shows they can introduce several challenges, such as diverting public resources away from the strategic plans of the government, failing to attract competition, and ultimately leading to opportunities for corruption.
From Mozambique’s white-sand beaches to Iceland’s snow-white ports, a fisheries delegation learns how private rights, transparent management, and data analysis can transform a fishing industry.
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Concerns over climate change took center stage at this year’s World Bank annual meetings. The message was clear: there doesn’t have to be a tradeoff between economic growth and a cleaner, healthier environment.
“We can make the right choice and still see robust growth,” World Bank President Jim Yong Kim said during the opening panel discussion, October 8.
With the next United Nations Framework Convention on Climate Change (UNFCCC) conference set to get underway in Warsaw in just a few weeks, Kim and International Monetary Fund Managing Director Christine Lagarde have now clearly laid out the economic case for shifting development strategy into a greener gear.