| Executive Summary |
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| I. |
Introduction |
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| II. |
Experience with PPPs |
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| III. |
Characteristics of PPPs |
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A. |
Basic Features |
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B. |
Financing |
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| IV. |
The Economics of PPPs |
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A. |
Ownership and Contracting |
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B. |
Risk Analysis |
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C. |
Competition, Regulation, and Efficiency |
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| V. |
Institutional Framework for PPPs |
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| VI. |
Risk Transfer, Leasing, and Ownership |
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A. |
Risk Transfer and Leasing |
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B. |
Assessing Risk Transfer and Ownership |
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| VII. |
Fiscal Accounting and Reporting |
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A. |
The Current Treatment of PPP Operations |
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B. |
Accounting for Limited Risk Transfer |
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C. |
Contractual Obligations and Government Guarantees |
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D. |
Summary of Disclosure Requirements for PPPs |
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| Boxes |
| 1. |
PPP Schemes and Modalities |
| 2. |
PPP Policy Framework in Victoria, Australia |
| 3. |
PPP Legislation in Brazil |
| 4. |
Factors Determining the Substance of a Lease |
| 5. |
Eurostat Decision on the Treatment of PPPs |
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| Appendices |
| I. |
Country Experiences With PPPs |
| II. |
Alternative Approaches to Accounting for Limited Risk Transfer |
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| Appendix Table |
| 1. |
Accounting for Limited Risk Transfer |
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| References |
