Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/203406 
Year of Publication: 
2018
Series/Report no.: 
ADB Economics Working Paper Series No. 564
Publisher: 
Asian Development Bank (ADB), Manila
Abstract: 
Public-private partnerships (PPPs) face a range of challenges in developed economies, such as appropriate risk sharing, attracting the right sponsors, and ensuring quality of service. As a large percentage of ADB's developing member countries are considered risky borrowers by international standards, sovereign risks play an important role in predicting the number of PPPs as well as the size of investment commitments. To catalyze PPPs in developing economies with higher risk ratings, sovereign risk mitigation is often needed. This article explores how country and sovereign risks deter private investors, solutions provided by multilateral development banks to reduce these risks, and policy implications for employing these solutions.
Subjects: 
public-private partnership
risk mitigation
sovereign guarantees
JEL: 
G32
H41
H81
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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