02181cas a2200289 a 4500 AALejournalIMF021729 230101c9999 xx r poo 0 0eng d 20.00 USD 9781513576565 2616-5333 BD-DhAAL BD-DhAAL Mastering the Risky Business of Public-Private Partnerships in Infrastructure. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (61 pages) Departmental Papers <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 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. Mode of access: Internet Fiscal Risks imf National Government Expenditures and Related Policies imf Other Public Investment and Capital Stock imf Public Administration imf Public Sector Accounting and Audits imf Departmental Papers; Departmental Paper ; No 2021/010 Full text available on IMF http://elibrary.imf.org/view/journals/087/2021/010/087.2021.issue-010-en.xml IMF e-Library