The Impact of the Financial Crisis on Public Private Partnerships
Filip Drapak, Senior PPP Specialist, World Bank
Public Private Partnerships have been an innovative technique to fund large government projects. How the financial crisis has changed this approach will be the subject of this discussion.
The Impact of the Financial Crisis on Public Private Partnerships
Filip Drapak, Senior PPP Specialist, World Bank
Public Private Partnerships have been an innovative technique to fund large government projects. How the financial crisis has changed this approach will be the subject of this discussion.
How the Financial Crisis has Changed the Market for Public Private Partnershi...icgfmconference
“How the Financial Crisis has Changed the Market for
Public Private Partnerships (PPPs)”
Filip Drapak, Senior Specialist, World Bank Institute
Andy Wynne, Public Sector Financial Management Specialist
The panelists will describe the current context for PPP, outlining the key issues arising as a result of the financial crisis and providing guidance on what to do now and looking forward.
The moderator will open the floor to an open discussion to address questions such as:
What is the role of infrastructure and PPPs in economic renewal?
Is private sector investment in public infrastructure now a viable alternative to
direct public investment?
How does risk profile change as a result of the financial crisis?
What is the role of development agencies?
What actions should countries take now to capitalize on PPP opportunities?
The infrastructure sector contribution to sustainable development - MOOC FFD ...Marco Pittalis
The paper presents the relevance of the infrastructure sector to sustainable development, with particular regard to its central role within the Sustainable Development Goals, and details the financing requirements and financing modalities options to support the implementation of required interventions in the sector. The discussion is concluded introducing basic climate change concepts related to the infrastructure sector, presenting for each infrastructure subsector a number of mitigation options that could be implemented with the financing resources mobilized following the modalities presented early.
The Impact of the Financial Crisis on Public Private Partnerships
Filip Drapak, Senior PPP Specialist, World Bank
Public Private Partnerships have been an innovative technique to fund large government projects. How the financial crisis has changed this approach will be the subject of this discussion.
How the Financial Crisis has Changed the Market for Public Private Partnershi...icgfmconference
“How the Financial Crisis has Changed the Market for
Public Private Partnerships (PPPs)”
Filip Drapak, Senior Specialist, World Bank Institute
Andy Wynne, Public Sector Financial Management Specialist
The panelists will describe the current context for PPP, outlining the key issues arising as a result of the financial crisis and providing guidance on what to do now and looking forward.
The moderator will open the floor to an open discussion to address questions such as:
What is the role of infrastructure and PPPs in economic renewal?
Is private sector investment in public infrastructure now a viable alternative to
direct public investment?
How does risk profile change as a result of the financial crisis?
What is the role of development agencies?
What actions should countries take now to capitalize on PPP opportunities?
The infrastructure sector contribution to sustainable development - MOOC FFD ...Marco Pittalis
The paper presents the relevance of the infrastructure sector to sustainable development, with particular regard to its central role within the Sustainable Development Goals, and details the financing requirements and financing modalities options to support the implementation of required interventions in the sector. The discussion is concluded introducing basic climate change concepts related to the infrastructure sector, presenting for each infrastructure subsector a number of mitigation options that could be implemented with the financing resources mobilized following the modalities presented early.
PPP for regional development - Lee MIZELL, ConsultantOECD Governance
This presentation was made by Lee MIZELL, consultant, at the 11th Annual Meeting of the OECD Network of Senior PPP and Infrastructure Officials held at the OECD, Paris, on 27 March 2018
Approaches to Government Funding of Airports. Stephen Labson slEconomicsStephen Labson
The primary intent of this high level review is to set out key options at hand for Government funding of airports development as illustrated by a selected set of international case studies.
The effect of federal infrastructure spending on private-sector productivity depends in part on the response of state and local governments and in part on how long the investment takes to become productive. Greater emphasis on particular contributions of infrastructure to productivity or different ways of allocating funds could make federal infrastructure spending more productive.
Presentation by Chad Shirley, Deputy Assistant Director for Microeconomic Studies, at the Transportation Research Board’s International Transportation and Economic Development Conference.
PPP for regional development - Lee MIZELL, ConsultantOECD Governance
This presentation was made by Lee MIZELL, consultant, at the 11th Annual Meeting of the OECD Network of Senior PPP and Infrastructure Officials held at the OECD, Paris, on 27 March 2018
Approaches to Government Funding of Airports. Stephen Labson slEconomicsStephen Labson
The primary intent of this high level review is to set out key options at hand for Government funding of airports development as illustrated by a selected set of international case studies.
The effect of federal infrastructure spending on private-sector productivity depends in part on the response of state and local governments and in part on how long the investment takes to become productive. Greater emphasis on particular contributions of infrastructure to productivity or different ways of allocating funds could make federal infrastructure spending more productive.
Presentation by Chad Shirley, Deputy Assistant Director for Microeconomic Studies, at the Transportation Research Board’s International Transportation and Economic Development Conference.
Role of private finance in infrastructure gaps, and risks management - Matthe...OECD Governance
This presentation was made by Matthew Rees, United-Kingdom, at the 8th meeting of Senior Public-Private Partnerships and Infrastructure Officials held in Paris on 23-24 March 2015.
The National Treasury, PPP Unit Health Infrastructure Development and Servi...Emmanuel Mosoti Machani
The National Treasury's PPP Unit's Mr. Wycliffe Ondieki presented on health infrastructure financing gaps, crowding-in finance for health sector PPPs and support for both private and public sector actors in PPPs.
This is the presentation on the subject of PPP that I gave at the British-Romanian Chamber of Commerce conference “Opportunities for PPP Finance” in London in February 2011.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Filip drapak ppp in financial crises english
1. PPP and Financial crises 2008-2010 World Bank Institute May 20 10 Filip Drapak
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6. Policy and Governance implications: introducing DFC As one of potential policy measures to improve the financing of PPP projects UK government used so called DFC (Debt Funding Competition) What is a DFC? A DFC is an initiative that has been employed in the UK a number of times since 2000 and has been championed by the UK HM Treasury as a mechanism for government to induce competition and thereby obtain more favorable debt funding terms. When using a DFC, government selects a preferred bidder and that preferred bidder, in consultation with government, then goes to the debt market seeking the best price for the debt funding for the project. The objective for the UK government was to increase the competitiveness of the lending market with a view to reducing the overall cost of the project.1 We are now in a very different market where the primary focus of the DFC would be to source sufficient debt funders willing to lend to the project. David Lester and Chris Keane, 2009
7. How to mitigate the impact of the financial crisis on PPPs2009 The French Institute for PPP (IGD - Institute de la Gestion Déléguée) released in November its proposals to mitigate the impact of the financial crisis on PPPs in France. IGD suggests to address the issue of lack of liquidity through the delinking of the duration of contracts and the duration of loans that would allow the short-term financing of projects and its long-term refinancing when market conditions will be more favorable, and the creation of a special public vehicle that would be entitled to collect and provide long-term resources to support banks activities. IGD also proposes to reduce the impact on costs through a special state warranty on local authorities’ projects, and calls for a broader public support through investment subsidies when construction periods are important. Pierre Van de Vyver, 2009 Policy and Governance implications: introducing new institutions and guarantee support mechanisms The solutions often suggest new institutions, from US discussion regarding the Infrastructure bank, ideas of setting up national guarantee instruments to the discussion on a new role of multilateral and development institutions.
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11. Governance: the UK case There are two important policy measures stipulated by financial crises: recent establishment of TIFU and planned set up of Infrastructure UK within UK Treasury, which will consolidate regulatory and policy team, TIFU and PUK and exercise clear responsibility from developing and supporting delivery of an infrastructure strategy for the UK. Establishment of Infrastructure UK is however more result of long term development than impact of financial crises.
12. Governance: the SA case Financial crises and South Africa PPP Unit: The demerger of regulatory and advisory roles, greater independence on Treasury. SA context of financial crises did bring major change of government and while presidential support to PPPs remained strong, the government and line ministerial leadership in this field was very weak. Financial crises initiated some progress in terms of IPPs to respond to energy crises, set up of a hospital PPP program and strong support still for the transport related PPPs. Key driver at SA PPP governance is at the moment the separation of Advisory from Regulatory function when driving the deal flow, which is more natural development rather that financial crises impact. PPP Unit will move away from Treasury in to a new Government Component under the brand name of Partnerships SA, will be 100% government owned and will have mainly project development function. The regulatory function will be exercised by Director General NT.
13. Governance: the Russia case Very substantial impact had financial crises on Russia and its impact on PPP perception in Russia. Russian federal PPP Unit is located within Russian Development Bank the “Vnesheconombank” and led by Alexandr Bazhenov. The situation in Russia has changed dramatically. While prior financial crises Russia did look at PPPs as an important, but not essential tool, given rich surpluses in budgets, this has changed with financial crises and PPPs are now considered essential for the development. This is reflecting on status and role of PPP Centre within “Vnesheconombank”, giving the PPP unit mandates in capacity building, advisory of choice, and financing of PPPs.
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16. Implications for the VfM (a) Projects less likely to achieve VfM - Increased cost of equity - Increased role of equity and proportion of equity financing - Increased cost of debt (offset by lower interest rates?) (b) Fiscal space implications to VfM (c) Some governments more rigorous on VfM and can be more keen on litigation PPP economics have changed Ernst & Young’s P3 team in the UK infrastructure reports that the average margin for availability payment-based P3s, increased from 82bps to 94bps between May and August 2008. Volume based payment P3 projects had average margins of 155bps in August 2008, which is increase of 50bps since credit crunch. Ernst&Young’s UK infrastructure report
22. “ Greater emphasis also needs to be made towards the social economic benefits delivered to a country or region which could mean adopting a more visionary approach to PPP models to include agglomeration benefits. Failure to do so will mean that PPP projects may never get off the ground on a pure cost benefit basis.” EC Harris, Is PPP dead and buried? PPP economics have changed, but not the perception of the usefulness of PPPs
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24. TIFU – the UK loan facility The UK , which has the largest PPP market so far, has decided to establish a The Infrastructure Finance Unit (TIFU) to lend to PFI/PPP projects to "ensure that infrastructure projects go forward as planned despite financial markets conditions and thereby support jobs and economy." This is generally a good idea, but at first it seemed that it would not be necessary. For a while, banks managed to form a club, or the European Investment Bank supported the project. However, margins continued to climb and banks could only deliver short-term financing in the form of mini-perms. For the time being, the bond market and credit risk insurance are dead, so finally TIFU found its first project to bail out in April 2009: "TIFU completed its first loan facility on 8 April 2009, providing a £120 million loan for the Greater Manchester Waste Disposal Authority’s PFI project alongside the European Investment Bank and a syndicate of commercial banks." This project was bailed out in the sense that the project could not secure financing without TIFU support, but it is a new development project so it's difficult to judge whether it meets the criteria I set out above. The second project to be bailed out was considered in May for the Wakefield waste treatment project. Finally, two years after the selection of a proffered bidder, the financing of £700 million was secured on a preliminary basis in June without TIFU assistance and is expected to close within several weeks. Bailing out PPPs might be controversial for taxpayers, but it remains the only practical option for the public sector. Hopefully, the financial crisis will subside soon and financial markets will come back to their traditionally aggressive and long term lending to PPPs.
25. Canada: Partnerships BC Funding contribution optimization Optimization based on balancing public funding contribution to achieve certain IRR