The Promise and Peril of Public-Private Partnerships: Lessons from the Chilean Experience (Policy Brief)
This policy note summarizes policy lessons for Rwanda from the Chilean experience. It cautions that, contrary to intuition, PPPs do not provide additional resources. It suggests ways to prevent Chile’s costly mistakes related to excessive contract renegotiation. Moreover, the experience of Chile – a country renowned for imperviousness to corruption – underscores the importance of adequate independent oversight and transparency in large transactions of PPP-financed public infrastructure. This note is based on the work of Prof. Ron Fischer presented at the IGC Growth Forum in Rwanda on 17th February 2011, and his paper “The Promise and Peril of Public Private Partnerships: Lessons from the Chilean Experience”.
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