Dates: September 30–October 11, 2019
Location: Washington, DC
This course aims to prepare leaders from ministries of finance, public agencies, and state-owned entities involved in the delivery of public infrastructure to use Public-Private Partnerships (PPPs), without affecting fiscal sustainability.
The course reviews the general structure of a PPP, introducing the difference between the financing and the funding, and extending the concept to the different type of public support. Different alternatives of public support generate different group of commitments and affect the budget as well as the long-term fiscal sustainability. The course explains the PPP Fiscal Risk Assessment Model (PFRAM) developed by the IMF and the World Bank, its logic and shows examples using the PFRAM to assess fiscal impact.
Through presentations, case studies, and simulated exercises, participants gain knowledge and skills that are used to develop action plans for addressing fiscal risk management of PPPs in their own countries.
- Identify the different sources of fiscal risk that a PPP contract might generate and how to manage them.
- Identify the effect that different type of commitments might generate in the public finances
- Analyze the convenience of implementing a public project using a PPP without compromising the long term fiscal sustainability
- Use the PFRAM to assess the eventual fiscal impact of implementing a PPP project
- Active participation in the process of structuring and approving a PPP project, particularly, in the establishment of fiscal obligations