As I discussed in my previous post, Patricio Mansilla of Chemonics International has explained to me that Chile has been at the forefront of innovation in the design of PPPs. The government has experimented with a bidding mechanism for PPPs based on the Least Present Value of Revenues (LPVR).
Roger Goodman of Moody's credit rating agency has a prediction:
With policies of limiting enrollment places and tuition fees, market pressure to add capacity, and government funding unlikely to increase, Moody’s expects unprecedented pressure on the current financial model of public universities.
As I posted on the blog last week, the Doing Business 2010 report launched on September 9th. While the report itself always contains useful information, what is often equally interesting is the response in the countries and economies concerned.
Is social media going to change the world? The makers of this video seem pretty convinced:
As I suspected, the event earlier this week on Industrial Policy and the Role of the State in Promoting Growth attracted a standing-room only crowd. Although the event was billed as a "panel discussion", the structure ended up being much more of a friendly debate, with Justin Lin and Ann Harrison sitting on one side of the table and Bill Easterly on the other.
Editor's Note: Bernardo Weaver is a Wharton MBA in Finance Candidate and a consultant at the World Bank working on Public Private Partnerships.
For quite some time, I’ve suspected that Nigeria would become the leader in Africa for PPPs. Several projects have been announced, and serious government interest has been demonstrated by discussion on policy, legislation and deal flow. The Global Legal Group has provided excellent insight into this in their 2007 Guide to PPP/PFI Projects.
When I first heard about public private partnerships (PPPs), most of the emphasis was on PPPs being privately financed with private money at stake. But now, I hear the news about needing to bail out PPP projects with taxpayer money and I wonder: Is this a good idea?