Evaluating Fiscal Supports on the Public-Private Partnerships: A Hidden Risk for Contract Survival
Original study by Manabu Nose While public–private partnerships (PPPs) have the potential to bridge infrastructure gaps in developing countries, frequent contract renegotiations and terminations (contract distress) pose significant challenges. Frequent contract distress imposes fiscal burdens on governments and may deter future private investments. In developing countries, the proportion of PPPs backed by government guarantees has […]