To manage their exposure arising from guarantees to infrastructure projects, governments need to adopt modern risk management techniques. The authors introduce an integrated risk management system that draws on recent advances in the private sector. Adapted for use in the public sector, the...

There is a strong economic rationale for close cooperation between the public and private sectors. This has resulted in a significant increase in the demand for the provision of public services through instruments combining public and private money such as public-private partnerships (PPPs or...

There is a strong economic rationale for close cooperation between the public and private sectors. This has resulted in a significant increase in the demand for the provision of public services through instruments combining public and private money such as public-private partnerships (PPPs or...