Review of the PPP law
The purpose of this note is to highlight the main issues that a government should address at the outset of its public private partnerships (PPP) reform programme. The following can be viewed as the essential building blocks of a sound PPP reform agenda:
- Enabling legislation Supporting Institutions
- Regulatory framework that facilitates proper planning
- Good fiscal accounting and reporting framework
Although there is no prescribed sequence to these reforms, a sound legal framework provides a good basis for the entire PPP programme. It is the natural starting point for building market confidence as it reinforces the government’s commitment to the rule of law. This note discusses each of these key determinants in turn.
