02013cas a2200265 a 4500 AALejournalIMF018816 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484380925 2522-7912 BD-DhAAL BD-DhAAL Irwin, Timothy. How to Control the Fiscal Costs of Public-Private Partnerships / Timothy Irwin, Samah Mazraani, Sandeep Saxena. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (14 pages) IMF How To Notes <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This note discusses what finance ministries can do to ensure that public-private partnerships (PPPs) are used wisely. By inviting private participation in infrastructure development and service provision, PPPs can help improve public services. Yet, strong governance institutions are needed to manage risks and avoid unexpected costs from PPPs. While in the short term, PPPs may appear cheaper than traditional public investment, over time they can turn out to be more expensive and undermine fiscal sustainability, particularly when governments ignore or are unaware of their deferred costs and associated fiscal risks. To use PPPs wisely governments should (1) develop and implement clear rules for their use; (2) identify, quantify, and disclose PPP risks and expected costs; and (3) reform budget and government accounting frameworks to capture all fiscal costs comprehensively. Mode of access: Internet Mazraani, Samah. Saxena, Sandeep. IMF How To Notes; How-To Note ; No. 2018/004 Full text available on IMF http://elibrary.imf.org/view/journals/061/2018/004/061.2018.issue-004-en.xml IMF e-Library