TY - BOOK ID - 11947572 TI - The Effects of the Financial Crisison Public-Private Partnerships. PY - 2009 SN - 1451917201 1462324495 1282843583 9786612843587 1451872917 1452794464 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Public-private sector cooperation. KW - Global Financial Crisis, 2008-2009. KW - Global Economic Crisis, 2008-2009 KW - Subprime Mortgage Crisis, 2008-2009 KW - Private-public partnerships KW - Private-public sector cooperation KW - Public-private partnerships KW - Public-private sector collaboration KW - Financial crises KW - Cooperation KW - Accounting KW - Banks and Banking KW - Financial Risk Management KW - Public Finance KW - Business Fluctuations KW - Cycles KW - Project Evaluation KW - Social Discount Rate KW - Publicly Provided Goods: Mixed Markets KW - National Government Expenditures and Related Policies: Infrastructures KW - Other Public Investment and Capital Stock KW - Governmental Loans, Loan Guarantees, Credits, and Grants KW - Financial Crises KW - Financing Policy KW - Financial Risk and Risk Management KW - Capital and Ownership Structure KW - Value of Firms KW - Goodwill KW - Public Administration KW - Public Sector Accounting and Audits KW - Public finance & taxation KW - Economic & financial crises & disasters KW - Financial services law & regulation KW - Financial reporting, financial statements KW - Public investment and public-private partnerships (PPP) KW - Financial statements KW - Exchange rate risk KW - Market risk KW - Expenditure KW - Public financial management (PFM) KW - Financial regulation and supervision KW - Public-private sector cooperation KW - Financial risk management KW - Finance, Public KW - Canada UR - https://www.unicat.be/uniCat?func=search&query=sysid:11947572 AB - The paper investigates the impact of the global financial crisis on public-private partnerships (PPPs) and the circumstances under which providing support to new and existing projects is justified. Based on country evidence, cost of and access to finance are found to be the main channels of transmission of the financial crisis, affecting in particular pipeline PPP projects. Possible measures to help PPPs during the crisis include contract extensions, output-based subsidies, revenue enhancements and step-in rights. To limit government's exposure to risk, while preserving private partner's efficiency incentives, intervention measures should be consistent with the wider fiscal policy stance, be contingent on specific circumstances, and be adequately costed and budgeted. Governments should be compensated for taking on additional risk. ER -