Hardback
The Rise and Fall of Public–Private Partnerships
Finance, Infrastructure and Developing Countries
9781035345045 Edward Elgar Publishing
This book explores how the private sector has long been expected to mobilize finance into much needed infrastructure investment in developing countries. This insightful book is a detailed exploration of the World Bank’s initial promotion of public-private partnerships (PPPs) as a solution, and evaluates their insufficient performance over the past decades.
More Information
Critical Acclaim
Contents
More Information
This book explores how the private sector has long been expected to mobilize finance into much needed infrastructure investment in developing countries. This insightful book is a detailed exploration of the World Bank’s initial promotion of public-private partnerships (PPPs) as a solution, and evaluates their insufficient performance over the past decades.
James Leigland expertly delves into the past 30 years of PPP advocacy to argue that blind faith in PPPs has led to a failure to deal with the main obstacles to infrastructure investment in the developing world. Investigating the successes and inadequacies of PPPs over the years, Leigland demonstrates that over-reliance on, and unreserved promotion of, these projects will not close the infrastructure gap in developing countries. Leigland goes on to suggest alternatives to PPPs that would allow for cost-effective financing and management of infrastructure, that would help achieve the UN’s Sustainable Development Goals.
The Rise and Fall of Public–Private Partnerships is essential reading for practitioners, policy makers and those who are actively funding campaigns to promote PPPs in developing countries. It will also be of substantial interest to organisations and scholars, questioning and exploring the use of PPPs in this under researched area.
James Leigland expertly delves into the past 30 years of PPP advocacy to argue that blind faith in PPPs has led to a failure to deal with the main obstacles to infrastructure investment in the developing world. Investigating the successes and inadequacies of PPPs over the years, Leigland demonstrates that over-reliance on, and unreserved promotion of, these projects will not close the infrastructure gap in developing countries. Leigland goes on to suggest alternatives to PPPs that would allow for cost-effective financing and management of infrastructure, that would help achieve the UN’s Sustainable Development Goals.
The Rise and Fall of Public–Private Partnerships is essential reading for practitioners, policy makers and those who are actively funding campaigns to promote PPPs in developing countries. It will also be of substantial interest to organisations and scholars, questioning and exploring the use of PPPs in this under researched area.
Critical Acclaim
‘Back in the early 2000s, World Bank officials were proclaiming that private investment in utilities and transport in the decade before marked a shift from “the hitherto dominant public sector model,” and the private sector would soon replace subsidized public finance as by far the major source of funding for infrastructure. Leigland’s [...] book The Rise and Fall of Public–Private Partnerships documents how donors, led by the UK’s Department for International Development (now FCDO), created a global industry of public-private partnership (PPP) facilities to deliver on that promise.’
– Charles Kenny, Center for Global Development Blog
‘The impact of climate change puts even more pressure on key policy makers in emerging markets to develop and maintain essential resilient infrastructure. Regardless of the financial mechanisms being contemplated, Leigland lays out compelling and persuasive arguments to thoroughly assess the pros and cons for public-private-partnerships.’
– Joel Kolker, formerly of World Bank''s Global Water Security and Sanitation Partnership (GWSP), USA
‘James Leigland spent many years at the World Bank, and has more than two decades of experience working on public-private infrastructure design, regulation and management. That deep expertise makes The Rise and Fall of Public–Private Partnerships, his damning account of thirty years of donor engagement in infrastructure PPPs, all the more compelling. As the hype over trillions in private finance for climate and development infrastructure reaches a pitch that could deafen pets, the book could not be better timed. Leigland’s call for re-evaluation and reform is both vital and urgent.’
– Charles Kenny, Senior Fellow, Center for Global Development, USA
– Charles Kenny, Center for Global Development Blog
‘The impact of climate change puts even more pressure on key policy makers in emerging markets to develop and maintain essential resilient infrastructure. Regardless of the financial mechanisms being contemplated, Leigland lays out compelling and persuasive arguments to thoroughly assess the pros and cons for public-private-partnerships.’
– Joel Kolker, formerly of World Bank''s Global Water Security and Sanitation Partnership (GWSP), USA
‘James Leigland spent many years at the World Bank, and has more than two decades of experience working on public-private infrastructure design, regulation and management. That deep expertise makes The Rise and Fall of Public–Private Partnerships, his damning account of thirty years of donor engagement in infrastructure PPPs, all the more compelling. As the hype over trillions in private finance for climate and development infrastructure reaches a pitch that could deafen pets, the book could not be better timed. Leigland’s call for re-evaluation and reform is both vital and urgent.’
– Charles Kenny, Senior Fellow, Center for Global Development, USA
Contents
Contents
Preface
1 Introduction: the paradox of PPP advocacy
PART I THE ORIGINS OF PPP ADVOCACY
2 Structural adjustment: from privatization to PPPs
3 Lessons of the 1990s: back to PPP basics
PART II BILATERAL DONORS DRIVE THE PPP AGENDA
4 DFID assumes the leadership of PPP advocacy
5 Project preparation facilities: the transaction-only approach
PART III THE GLOBALIZATION OF PPP ADVOCACY
6 Franchising PPP advocacy: PPP units
7 PPPs on a global stage: regional projects
8 A new strategy for PPP advocacy: the project preparation gap
PART IV WHAT HAVE WE LEARNED ABOUT PPPS?
9 The costs and benefits of the transaction-only approach
10 South Africa’s renewable energy IPP program: the
rediscovery of upstream project preparation
PART V CONCLUSIONS
11 Conclusions to The Rise and Fall of Public–Private Partnerships
12 Postscript: revisiting the seven deadly sins of donors
References
Index
Preface
1 Introduction: the paradox of PPP advocacy
PART I THE ORIGINS OF PPP ADVOCACY
2 Structural adjustment: from privatization to PPPs
3 Lessons of the 1990s: back to PPP basics
PART II BILATERAL DONORS DRIVE THE PPP AGENDA
4 DFID assumes the leadership of PPP advocacy
5 Project preparation facilities: the transaction-only approach
PART III THE GLOBALIZATION OF PPP ADVOCACY
6 Franchising PPP advocacy: PPP units
7 PPPs on a global stage: regional projects
8 A new strategy for PPP advocacy: the project preparation gap
PART IV WHAT HAVE WE LEARNED ABOUT PPPS?
9 The costs and benefits of the transaction-only approach
10 South Africa’s renewable energy IPP program: the
rediscovery of upstream project preparation
PART V CONCLUSIONS
11 Conclusions to The Rise and Fall of Public–Private Partnerships
12 Postscript: revisiting the seven deadly sins of donors
References
Index
