In a previous blog, I used the metaphor of marriage to explore the dynamic of public-private partnerships (PPPs) as relationships created between two parties with often very different expectations and methods of communication.
Today, we explore PPP cancellations, the what and why— further stretching the marriage metaphor.
The worst reconciliation is better than the best divorce – Miguel De Cervantes Saavedra
BRJ INC | Flickr
In the 18th century, muskets were produced by skilled craftsmen, one piece at a time. Each component was individually forged, filed, and worked—like a piece of art—until they could all be put together into a single weapon.
Today, the limitations of this approach are apparent. The cost and time required to produce each musket were high, and replacement parts had to be made by hand. This method was replaced by production with interchangeable parts in the early 19th century, a process advanced by Eli Whitney, an inventor who produced arms for the U.S. government.
Photo: Tony Salas | Flickr Creative Commons
In my home state of California in the United States, major drought-fueled wildfires tore across the state in the latter half of 2017 setting records for both the state’s deadliest fire, as well as the largest fire. Wildfire season is back in 2018 with the most destructive year ever—currently more than 13,000 firefighters are battling 9 large blazes that have damaged or destroyed over 2,000 homes or buildings and scorched over 730,000 acres of land.
The Mendocino Complex fire in Northern California recently broke the state’s previous record for largest fire, spreading furiously due to heat, wind, and years of drought.
California’s Governor Jerry Brown said this is becoming the new normal…where fires threaten people’s lives, property, neighborhoods and, of course, billions and billions of dollars. Many point to climate change as the driver for weather conditions fueling most of the wildfires. July was the hottest on record for the state, and extreme weather is causing larger and more destructive fires across the whole western United States.
Photo: shplendid | Flickr Creative Commons
Talk of trade tariffs and heightened geopolitical tensions are dominating news headlines recently. As developed economies consider escalating protectionist policies, it’s easy to forget about the situation many emerging markets face.
As outlined in the World Bank’s Global Economic Prospects report released in June this year, protectionist policies would affect emerging market and developing economies (EMDEs) more severely than advanced economies. And this is at a time where increased investment and spending in EMDEs, including in infrastructure, is sorely needed.
- public-private partnerships
- public-private partnership
- Financial Sector
- Social Development
- Global Economy
- South Asia
- Middle East and North Africa
- Latin America & Caribbean
- The World Region
- Cote d'Ivoire
- Egypt, Arab Republic of
The Kenyan government took a big step in improving its business environment with the launch of the Public-Private Partnership (PPP) Disclosure Portal, an online tool that makes all non-confidential information relating to PPP contracts available to the public. The portal, which went live in June, is the result of the government’s work with the World Bank Group to improve transparency and accountability in PPPs since 2016.
As important as the act itself is the timing of the launch. The government recently announced its commitment to eradicate corruption in the public service. The government launched the PPP disclosure portal shortly thereafter—at a time when citizens in Africa are increasingly demanding answers, engaging their governments, and increasing scrutiny in public spending. This reflects positive movement and will hopefully fuel a virtuous cycle where citizens increasingly trust that the government cares about their views, their needs, and their hard-earned money.