Uzbekistan and Public-Private Partnerships: Country Lessons, Republic of Uzbekistan
June 27, 2025
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Public-Private Partnerships (PPPs) utilize private sector expertise, risk sharing, management, and financing to improve public investment. However, these benefits also carry risks. Project level risks include poor selection, optimism bias, off-budget financing, and contract renegotiation. Countries can manage these risks by integrating PPPs into the public investment plan, testing assumptions via scenario analysis, and evaluating risks during the selection process. Macroeconomic risks can arise if PPPs perform poorly or accumulate too rapidly. These risks can be addressed by implementing an annual cap on new projects or a cap on the PPP stock. Having a robust system to monitor PPPs improves implementation and guards losses from contingent liabilities.
Subject: Contingent liabilities, Expenditure, PPP legislation, Public financial management (PFM), Public investment spending
Keywords: Contingent liabilities, country lesson, E. managing risk, Global, National Subsidies, PPP legislation, PPP project, PPP renegotiation, Public Enterprise Governance, Public Enterprise Performance, Public Infrastructure, Public Investment, Public investment spending, Public Private, Public vs Private, Public-Private Partnerships, Scope of Government
Pages:
24
Volume:
2025
DOI:
Issue:
087
Series:
Selected Issues Paper No. 2025/087
Stock No:
SIPEA2025087
ISBN:
9798229015455
ISSN:
2958-7875
