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Alternative procurement agencies to facilitate infrastructure investment

Michael Bennon's picture


Photo Credit: Myxi via Flickr Creative Commons License

In our last post, we highlighted a few examples of the innovative organizational structures that institutional investors have created to more efficiently invest in public infrastructure assets, but that is just one side of the equation. We also study programs and policies put in place by governments to more efficiently facilitate investment in the right projects and on the right terms for their constituents. That research encompasses several different topics, including enabling legislation, project risk allocation, stakeholder engagement and management, assessment frameworks for determining whether a Public-Private Partnership (P3) makes sense for a given project and others.

Where do the world’s talents immigrate to?

Bassam Sebti's picture


"We’re the nation that just had six of our scientists and researchers win Nobel Prizes—and every one of them was an immigrant," U.S. President Barack Obama recently said after the Nobel Prize winners were announced.
 
The Internet was abuzz about it, and how could it not be?
 
The announcement couldn’t come at a better time. Not only are US Nobel laureates immigrants, but also the country has been identified as one of four where the world’s high-skilled immigrants are increasingly living, according to a new World Bank research article. The other three countries are the United Kingdom, Canada and Australia.

Québec earmarks carbon-market revenues to stir innovation

David Heurtel's picture
Electric school bus. Photo credit: Autobus Lion

By advancing towards our ambitious GHG reduction target – 37,5 % of 1990 levels in 2030 – Québec demonstrates that proactive States and Regions are part of the solution to fight climate change. To address this challenge, we have decided to set up a carbon market linked with California through the Western Climate Initiative in 2014. In 2017, our carbon market will also be linked with Ontario. Last August, Québec and Mexico signed a joint statement to affirm their desire to widen their collaboration on cap-and-trade. Jurisdictions have many options when it comes to earmark their carbon-pricing revenues; Quebec’s choice, to entirely reinvest the revenues of its carbon market in climate actions, shows that we really understand the urgency of acting immediately and boldly. Thanks to CPLC’s leadership and knowledge-sharing initiatives, we now have an additional opportunity to share our stories and learn from each-other’s experiences with carbon pricing.

As the Paris Agreement becomes reality: How to transform economies through carbon pricing

Laura Tuck's picture


The remarkable pace at which nations of the world have ratified the Paris Agreement on climate change gives us all hope. It signals the world is ready to take the actions we need to keep global warming below 1.5 degrees Celsius. We know, however, that delivering on Paris comes with a high price tag, and that we need to help countries not just transition toward renewable energy but unlock the finance needed to get there.

Amid the enormous challenge ahead, I want to emphasize the transformative economic opportunity that putting a price on carbon pollution presents.

Reasons for optimism in closing the infrastructure financing gap

Jason Zhengrong Lu's picture

There is no doubt a significant financing gap exists for investments in infrastructure in emerging markets and developing economies, a gap that stands in the way of funding projects crucial to providing basic services to transform living conditions across the globe. We at the Global Infrastructure Facility (GIF) recognize that addressing the infrastructure gap can get us closer to eliminating poverty and boosting shared prosperity.
 
After attending a discussion with a prestigious panel of finance ministers and senior financiers at the event “Making Infrastructure Rewarding,”—hosted by the GIF on the eve of the IMF-World Bank Group’s 2016 annual meetings in Washington, D.C, I feel there is a lot to be optimistic about in the way infrastructure is viewed and financed using the right instruments to fill the gap.
 
Given the standing-room-only attendance at the event—which was also live-streamed—and the number of comments and tweets that came in using #investininfra, there is clearly enormous interest in how we get from point A to B.

Your air conditioner is making you cooler, and the world warmer. We can change that.

Karin Shepardson's picture
Also available in: Español - French - Arabic 
Copyright: Sławomir Kowalewski


Cooling and refrigeration are essential to increasing labor productivity, improving educational outcomes, safeguarding food and minimizing its waste, improving healthcare, and supporting countries’ digital ambitions (that computer of yours heats up pretty fast). And all of this, from improved productivity to education to health, is vital to eliminating extreme poverty and boosting shared prosperity across the globe.

Free, French course on PPPs offers customized case studies, relevant regional perspectives

Olivier Fremond's picture
Free, French course on PPPs



As a former country manager in Benin, my team and I advised the national administration on the Public-Private Partnerships (PPP) Project Law then under consideration and engaged in PPPs. This effort took place after the private sector, both domestic and international, made a strong commitment to finance large infrastructure programs. Timing is everything, of course, and the window for passing the legislation through parliament before legislative elections was tight – ultimately, too tight. A better understanding of PPPs and the options these partnerships can offer to a country like Benin, which needs substantial infrastructure investments, would have helped the process tremendously.

At the time, however, PPP educational options for French speakers were scarce. Although plenty of PPP resources exist in English, many fewer tools are available for Francophone African countries. These tools are critical to understanding PPPs, creating and adopting legislation, applying PPPs when they may serve a need, and knowing when not to use them to secure infrastructure services.

How public-private partnerships can play a constructive role in global economies in 2016

Geoffrey Keele's picture

With 2015 firmly behind us, it’s time to reflect on the past year’s global economic trends -- while looking forward at the challenges and opportunities facing countries around the world. Check out the articles below for diverse and thought-provoking perspectives on how public-private partnerships can play a constructive role in global economies throughout 2016 and beyond.   

Supporting India’s next generation of bright tech and science minds

Jessica Lee's picture
Ajay (third from right) was a Mitacs Globalink research intern at the University of Toronto.


With the Indian economy poised to be among the fastest growing economies in the world, there is great demand for world-class engineers to drive domestic value-addition, innovation and make the economy even more competitive globally. In this context, the Indian government’s Technical/Engineering Education Quality Improvement Project (TEQIP), supported by the World Bank, has been working with engineering colleges across the country to make them more responsive to a rapidly changing technical environment.

How to bring discussion about financial issues into the classroom

Ivor Beazley's picture
The 2008 financial crisis was a “wake up” call to many teachers in the United States and Canada. As families lost their homes and parents lost jobs, they began to appreciate the importance of kids leaving school with some knowledge of the world of finance – especially about how personal decisions are made about finance and how financial decisions taken by government directly affect their lives and future prospects. 

A study group from Moscow and five regions of Russia recently visited Canada and the US to learn more about initiatives in those two countries and to bring discussion about financial issues into the classroom – with the idea of turning today’s students into active and responsible citizens of the future, able to make well-informed personal financial decisions and to engage in discussions about public finances on behalf of themselves and their communities.

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