Public-Private Partnerships, Capital Infrastructure Project Investments and Infrastructure Finance: Public Policy for the 21st Century by Jane Beckett-Camarata

Author:Jane Beckett-Camarata [Beckett-Camarata, Jane]
Language: eng
Format: epub
Tags: Public Finance, Public Policy, Public Affairs & Administration, Political Science, Business & Economics, Economic Policy, General
ISBN: 9781839096563
Google: YZ0LEAAAQBAJ
Publisher: Emerald Group Publishing
Published: 2020-10-20T13:00:02+00:00

Step 4: Risk monitoring:

Which risks shall government monitor?

How will the government monitor the risks?

What are the contingency plans?

How shall government report on the risks?

Source: Caribbean PPP Toolkit (2017).

Table 4.1 provides an example of a Risk Assessment Analysis for Albania.

Table 4.1. Risk Assessment Analysis for Albania.

Source of Risk Relative Likelihood Impact if Realized Policy Advice

Poorly designed PPPs and increased contingent liabilities High MediumEngaging in poorly designed PPP contracts for infrastructure Investment and create large contingent liabilities, which, if realized, could under mine fiscal and debt sustainability Strengthen government and transparency in PPP implementationUpgrade the capacity of the Ministry of Finance to undertake financial analysis of new PPP contracts

Rollover of public debt Low MediumConcerns about debt sustainability may make banks reluctant to roll over government debt, a significant part of which is short term Diversity the debt holder's base. Improve market communication and coordination with the Central BankContinue fiscal adjustment and debt reduction

Domestic political instability Low HighVolatile domestic politics and social tensions could hinder the implementation of the structural reforms and fiscal consolidation agenda. Reforms, including those to strengthen the rule of law, are key for medium-term growth and Prospects for EU accession talks Ensure that reforms are grounded in careful policy analysis and a consultative preparation process

Source: Adapted from IMF Albania Staff Report 19/207 (2019) and Annexure l: Risk Assessment Matrix.

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