Front Matter Page
Fiscal Affairs Department
Authorized for distribution by Robert Gillingham
Contents
I. Introduction
II. Public-Private Partnerships
III. Transmission Mechanisms: Threats, Vulnerabilities and Risk
A. Crisis Transmission Mechanisms: Threats
B. Crisis Transmission Mechanisms: Vulnerabilities
C. Crisis Transmission Mechanisms: Risks
IV. Impact of the Crisis: Evidence
V. Managing Crisis Risks for PPPs
A. Intervention Measures
B. Intervention Principles
C. “Trip Switch” Clauses
References
Tables
1. Channels of Transmission of the Financial Crisis
Figures
1. Developed and Emerging Market Interest Rates
2. Project Finance Syndicated Loans Volume by Region
3. Typology of Risks Affecting PPPs
4. Total Investment Commitments
5. Ongoing PPP Projects in Emerging Markets Affected by the Financial Crisis
6. Survey Analysis: Risks and Institutional Framework
Boxes
1. Definition of PPPs
2. Effect of a Crisis on PPP Partners
3. The Crisis, Emerging Markets, Foreign Investment and Exchange Rates
4. Country Evidence: Effects of the Crisis on PPPs
5. Government Measures to Reinvigorate PPPs