The task of preparing a viable, feasible, and sustainable infrastructure project can be a daunting one filled with many challenges. Throw in the need to incorporate an element of connectivity and the challenges only multiply in number and complexity. Indeed, during the annual meeting of the Global Infrastructure Connectivity Alliance (GICA), held in January 2018 at the OECD headquarters in Paris, GICA members identified several of these challenges, including the need to share best practices, ensure robust project preparation, and address the financing gap.
While multilateral development banks (MDBs) and international financial institutions (IFIs)—including GICA members Asian Infrastructure Investment Bank (AIIB), Eurasian Development Bank (EDB), Asian Development Bank (ADB), and the World Bank Group (WBG)—have the experience and financial or analytical tools to help, actually finding or accessing these resources can be difficult.
Is there a way to bridge this knowledge gap?
Asian Development Bank
Photo: ispyfriend / iStock
It seems like every week there are new reports being published about public-private partnerships (PPPs) by different organizations around the world. How can you keep track of what’s new and what’s relevant for your work?
With over 4,000 documents on PPPs in seven different languages (English, Spanish, French, Portuguese, Arabic, Russian, and Chinese) in its searchable document library,
What’s been trending over the last quarter on the PPP Knowledge Lab?
The Public-Private Partnership Reference Guide has been downloaded more than 18,000 times since it was first launched in 2012. The Guide’s popularity reflects its value. The Guide offers:
- A solid overview of the core elements of public-private partnerships (PPPs); and
- A rich collection of references to the best-available PPP-related materials.
This version, however, offers several additions and improvements that add greater value to PPP practitioners:
- Version 3 is available online. Besides increasing accessibility, the online version allows new reference materials to be added as they become available. This makes the Guide a living document that is always up-to-date.
- A section on Stakeholder Communication and Engagement addresses an important element of PPP governance that is often overlooked.
- In response to growing demand, a new section, Environmental and Social Studies and Standards, has been included.
Going forward, we will publish monthly posts that highlight specific sections of the Guide, illustrating how seasoned practitioners and novices alike can use it to strengthen their knowledge of PPPs and apply it to real-world developmental challenges.
More than half of the world’s population lives in Asia and its robust growth is supporting the world economy. After weathering well the 2008 crisis Asia is now in the spotlight with currencies depreciating and capital markets in retreat. One widely voiced concern is rapid expansion of credit in the past decade fueled by abundant liquidity. Globally, and in Asia, regulatory response to the 2008 crisis has been to strengthen financial regulation and de-risk financial intermediation. Yet the reality of credit markets in most Asian economies is quite different from that in high income economies. While domestic credit by financial sector represented on average over 100% of GDP for high income OECD countries, emerging Asia’s average in 2014 stood at 60%. The differences across countries are substantial in this diverse region, but in two thirds of Asian economies domestic credit is less than 60% of GDP. The reality for most economies in Asia is that of limited and often inefficient financial markets which do not serve fully their growth needs. Low level of financial inclusion is a major contributing factor and a major challenge.