Uzbekistan and Public-Private Partnerships: Country Lessons, Republic of Uzbekistan
Public-Private Partnerships (PPPs) utilize private sector expertise, risk sharing, management, and financing to improve public investment. However, these benefits also carry risks.
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Volume/Issue:
Volume 2025
Issue 087
Publication date: June 2025
ISBN: 9798229015455
$15.00
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Topics covered in this book
This title contains information about the following subjects.
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Public Finance , National Subsidies , Public Enterprise Governance , Public Enterprise Performance , Public Infrastructure , Public Investment , Public Private , Public-Private Partnerships , Public vs Private , Scope of Government , Government liabilities , Sectoral analysis , Budget planning and preparation , Public investment spending , PPP legislation , Stocks , Infrastructure , Risks of public-private partnership , Fiscal risks , Contingent liabilities
Summary
Public-Private Partnerships (PPPs) utilize private sector expertise, risk sharing, management, and financing to improve public investment. However, these benefits also carry risks. Project level risks include poor selection, optimism bias, off-budget financing, and contract renegotiation. Countries can manage these risks by integrating PPPs into the public investment plan, testing assumptions via scenario analysis, and evaluating risks during the selection process. Macroeconomic risks can arise if PPPs perform poorly or accumulate too rapidly. These risks can be addressed by implementing an annual cap on new projects or a cap on the PPP stock. Having a robust system to monitor PPPs improves implementation and guards losses from contingent liabilities.
