Risk Mitigation and Sovereign Guarantees for Public–Private Partnerships in Developing Economies

Alexander Jett ()
Additional contact information
Alexander Jett: Asian Development Bank

No 564, ADB Economics Working Paper Series from Asian Development Bank

Abstract: Public–private partnerships (PPPs) face a range of challenges in developed economies, such as appropriate risk sharing, attracting the right sponsors, and ensuring quality of service. As a large percentage of ADB’s developing member countries are considered risky borrowers by international standards, sovereign risks play an important role in predicting the number of PPPs as well as the size of investment commitments. To catalyze PPPs in developing economies with higher risk ratings, sovereign risk mitigation is often needed. This article explores how country and sovereign risks deter private investors, solutions provided by multilateral development banks to reduce these risks, and policy implications for employing these solutions.

Keywords: public–private partnership; risk mitigation; sovereign guarantees (search for similar items in EconPapers)
JEL-codes: G32 H41 H81 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2018-11-27
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.adb.org/publications/risk-mitigation-sovereign-guarantees-ppps Full text (text/html)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:adbewp:0564

Access Statistics for this paper

More papers in ADB Economics Working Paper Series from Asian Development Bank 6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, Philippines. Contact information at EDIRC.
Bibliographic data for series maintained by Orlee Velarde ().