Fiscal Commitment News Today

Around the world, countries increasingly use public-private partnerships (PPPs) to accelerate investment in much-needed infrastructure. While PPPs provide an important tool for governments, PPPs are also sensitive to economic ups and downs as the COVID-19 pandemic demonstrated with a 52 per cent drop in investments committed following the economic slowdown in 2019 and numerous

While PPPs provide an important tool for governments, they are sensitive to economic ups and downs. A new World Bank study shows a sound and practical Fiscal Commitment and Contingent Liabilities (FCCL) framework can help manage PPPs’ fiscal risks and sustain benefits.