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220928 ||| eng |
| 020 |
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|a 9781513576565
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| 245 |
0 |
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|a Mastering the Risky Business of Public-Private Partnerships in Infrastructure
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2021
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| 300 |
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|a 61 pages
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| 651 |
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4 |
|a South Africa
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| 653 |
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|a National Government Expenditures and Related Policies: Infrastructures
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| 653 |
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|a Public Administration
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| 653 |
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|a Investment
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| 653 |
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|a Public investment spending
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Infrastructure
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| 653 |
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|a Economics: General
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| 653 |
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|a Fiscal risks
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| 653 |
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|a Other Public Investment and Capital Stock
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| 653 |
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|a Fiscal policy
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| 653 |
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|a Intangible Capital
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| 653 |
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|a Political economy
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| 653 |
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|a National accounts
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| 653 |
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|a Expenditure
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| 653 |
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|a Risks of public-private partnership
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| 653 |
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|a Saving and investment
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| 653 |
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|a International institutions
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| 653 |
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|a Financial risk management
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| 653 |
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|a Public Sector Accounting and Audits
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| 653 |
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|a Public-private sector cooperation
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| 653 |
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|a International Economics
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Public financial management (PFM)
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| 653 |
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|a Public investments
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| 653 |
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|a Capacity
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| 653 |
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|a Public investment and public-private partnerships (PPP)
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| 653 |
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|a Capital
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| 653 |
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|a Public Finance
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| 041 |
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7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a Departmental Papers
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| 028 |
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|a 10.5089/9781513576565.087
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/087/2021/010/087.2021.issue-010-en.xml?cid=50335-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a 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
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