TY - BOOK ID - 134830627 TI - Mastering the Risky Business of Public-Private Partnerships in Infrastructure. PY - 2021 SN - 1513578545 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Public-private sector cooperation. KW - Infrastructure (Economics). KW - Risk management. KW - South Africa KW - Economics: General KW - International Economics KW - Public Finance KW - Infrastructure KW - National Government Expenditures and Related Policies: Infrastructures KW - Other Public Investment and Capital Stock KW - Public Administration KW - Public Sector Accounting and Audits KW - Investment KW - Capital KW - Intangible Capital KW - Capacity KW - Political economy KW - International institutions KW - Public finance & taxation KW - Macroeconomics KW - Public investment and public-private partnerships (PPP) KW - Expenditure KW - Fiscal risks KW - Public financial management (PFM) KW - National accounts KW - Risks of public-private partnership KW - Public investment spending KW - Public-private sector cooperation KW - Financial risk management KW - Fiscal policy KW - Saving and investment KW - Public investments UR - https://www.unicat.be/uniCat?func=search&query=sysid:134830627 AB - Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management. ER -