Toward Better Infrastructure: Conditions, Constraints, and Opportunities in Financing Public-Private Partnerships in Select African Countries

Riham Shendy, Zachary Kaplan and Peter Mousley

No 2331 in World Bank Publications - Books from The World Bank Group

Abstract: Examining innovative ways to address Africa's infrastructure deficit is at the heart of this analysis. Africa's infrastructure stock and quality is among the least developed in the world, a challenge that significantly hinders economic development. The study is structured around the most inhibiting constraints to developing PPPs, as shared by all six countries. Section one provides a brief background of the infrastructure needs in the sample countries and outlines the current scope of Public-Private Partnership (PPP) transactions; section two examines the sources of financing for PPPs domestic and foreign with a particular focus on domestic sources; section three explores the supporting legislative, regulatory, and institutional environment for PPPs; section four addresses issues connected with the importance of developing a sound pipeline of PPP projects; and section five tackles the importance of managing the increased government fiscal commitments that are commonly coupled with PPPs. Section six outlines medium-term options for PPP financing. Finally, section seven puts forth policy recommendations intended to assist in overcoming the challenges in building private sector confidence in the Sub-Saharan Africa (SSA) infrastructure market in order to attract greater levels of financing for private sector investment in core infrastructure services through PPPs.

Keywords: Finance; and; Financial; Sector; Development-Debt; Markets; Finance; and; Financial; Sector; Development-Banks; &; Banking; Reform; Private; Sector; Development-Emerging; Markets; Finance; and; Financial; Sector; Development-Access; to; Finance; Finance; and; Financial; Sector; Development-Non; Bank; Financial; Institutions (search for similar items in EconPapers)
Date: 2011
ISBN: 978-0-8213-8781-8
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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