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Public-Private Partnerships : Reference Guide, Version 2.0A growing number of developing
 country governments are interested in using public-private
 partnerships (PPPs) to provide public infrastructure assets
 and services. The PPP reference guide seeks to provide
 advice on what PPP practitioners should know, rather than
 provide advice on what to do. The guide sets out the main
 topics, looks at the key issues that must be addressed, and
 provides what one consider the most important references
 that PPP practitioners can turn to for answers and to
 enhance one knowledge and understanding. It is structured
 into separate sections that focus on three main areas,
 firstly what are PPPs, when may they be used and the
 advantages and disadvantages relative to public provision;
 secondly the policy, legal, and institutional frameworks
 that should be put into place to help improve effectiveness;
 and finally the ways in which PPP projects can be developed
 and implemented. It introduces key topics on PPP, sets out
 options, and directs readers to examples, and key references
 where one can find out more. This guide provides new
 resources and updated examples.
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How to Engage with the Private
 Sector in Public-Private Partnerships in Emerging MarketsWhat transforms a desirable project on a
 government wish list to an attractive investment opportunity
 in the eyes of a potential private sector partner? This
 guide seeks to enhance the chances of developing effective
 partnerships between the public and the private sectors by
 addressing one of the main obstacles to the effective
 delivery of public-private partnership (PPP) projects:
 having the right information on the right project for the
 right partners at the right time. Data from the World Bank
 and the Public-Private Infrastructure Advisory Facility
 (PPIAF) private participation in infrastructure (PPI)
 project database indicate that private sector investment in
 infrastructure in developing economies grew steadily over
 the past decade. By 2007 the levels had finally surpassed
 the peak levels seen in 1997, the end of the previous growth
 spurt. This guide focuses specifically on what should be
 done, and when, in order to prepare projects to attract the
 right long-term private partners, procure their involvement,
 and manage the partnership. This guide is not a detailed
 project preparation manual; rather, it seeks to provide an
 overview of the process and what is involved so that greater
 realism can be applied to this challenging task and adequate
 resource plans can be developed.
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Is the Level of Financial Sector Development a Key Determinant of Private Investment in the Power Sector?This paper seeks to assess the extent to which a country's overall level of development and that of its financial sector, in particular, are factors that attract private capital into infrastructure projects. The authors investigate these effects in a 1990-2007 dataset on the power sector in 37 developing countries. The results suggest that economic growth is a key determinant of private investors' investment in infrastructure projects, and that investors tend to take countries governance quality into account in their decisions to invest. The empirical results highlight that the development of the financial sector also plays a significant role in private investors' decisions to enter infrastructure sectors. In particular, the degree of country risk and exchange rate volatility is found to be negatively related to the volume of private sector investment in power projects. Furthermore, when the banking sector and the capital market are separately treated in the analysis, the existence of a well functioning capital market is the main attracting factor. In addition, the existence of an independent energy regulatory authority significantly improves the level of private investors' implication in energy projects. When accounting for the interactions between the overall economic development and the financial sector development variables, the effects of these variables are still significant and the results also confirm the importance of an independent energy sector regulator.