This presentation was delivered by Carl Howell, Economist at the Seminar on Public-Private Partnerships in the Caribbean: Building on Early Lessons. The event took place on May 28, 2014 in Guyana. For more information about PPPs in the Caribbean, visit www.caribank.org.

1. Carl Howell
Economist

2. Presentation Plan
• Rationale for the research work
• Closing infrastructure gaps in the region
• Some early lessons from PPPs
• Making PPPs work better: What should be
done?
• Guarding against fiscal surprises
• A role for CDB moving forward

3. Rationale for the research work
Difficult fiscal situation precipitates a relook at
development financing options
Closing knowledge gaps
Shared lessons represent a good strategy for
avoiding a repeat of past mis-steps
Input into support strategies of development
partners
Improving development outcomes at the
country level

4. Closing Infrastructure Gaps in the Region

5. Closing infrastructure gaps in the
region
PPP are critical inputs
Projected investment
needs to 2025

6. Some early lessons from PPPs
• PPPs add most value when …..
Problems with existing
service delivery
Profitability potential
Market appetite
Project scale justifies the
costs of PPP procurement
and management
Asset or service is easily
defined
PPP
Value

7. Some early lessons from PPPs…
choosing the most appropriate model

8. Making PPPs work better: What
should be done?
 Develop PPP policies and processes
(improving transparency and predictability)
 Create appropriate legal and regulatory
environments
 Build robust institutional capacity
 Develop adequate human capacity
 Create fiscal management and accounting
frameworks

9. Guarding against fiscal surprises
• Elements of a sound fiscal plan …..
• Differing treatments..
– European System of Accounts 95 (Eurostat) standards).
Based on risks allocation. Availability payments and viability
gap funding recorded.
– International Public Sector Accounting Standard IPSAS 32
(Concessions) and 19 (Guarantees). PPP could be included
in government liabilities

10. A role for CDB moving forward:
Upstream and Downstream Activities
 Establishment of a PPP Unit to support
coordination of donor support
 Supporting sustained capacity building at the
country level and improvements in regulatory
environments
 Provide a platform for active and sustained
dialogue on lessons of experience among
Caribbean countries
 Provide access to funding

11. Questions?
Thank you for your attention.