World Excellence International Edition | N°32 - Jul / Dec

Page 12

THE HIGH COST OF

“DE-RISKING” INFRASTRUCTURE FINANCE

The World Bank recently started advising governments to assume the bulk of the risk in public-private partnerships, so as to attract more private-sector players. But in addition to introducing an unacceptable moral hazard, this guidance is creating a possible doomsday scenario for debt-saddled developing countries around the world. HOWARD MANN


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
World Excellence International Edition | N°32 - Jul / Dec by Le Fonti S.r.l. - Issuu