Simple privatization was once seen as a catch-all solution to the problems of state-owned enterprises. Today, broader solutions are needed that change the systems in which these companies operate.
Despite significant gains in the last decade, Viet Nam’s infrastructure lags regional peers such as Indonesia, Malaysia, and Thailand. Partnering with the private sector will help close the gap.
Enrollment has improved greatly in Pakistan in recent decades but quality and equity still needs to be addressed. Partnering with private companies could speed the process.
COVID-19 has hit the entire globe at once, slowing investment in resilient infrastructure that will improve lives over the long term. Effective governance is critical to ensure infrastructure projects are well planned, funded, and implemented.
Uzbekistan has made a promising start integrating PPPs into its infrastructure development agenda. Bold policies and efficient project delivery are needed to take the country’s ambitious program to the next level.
Developing economies in Asia have for years relied on partnerships with the private sector to pay for infrastructure projects. That could be in jeopardy during the pandemic.
Reforms that drive the demand for credit ratings will support the development of the corporate bond market.
The more Viet Nam’s state-owned enterprises can access capital through the strength of their own balance sheets, the more they can help fund infrastructure, social development and COVID-19 response.
The pandemic has highlighted the importance of technology in managing the crisis. Public-private partnerships, coupled with global cooperation, could help us explore technological solutions beyond the earth.
PPPs can help by bringing in private sector capital and technical expertise as governments continue to look for value for money in infrastructure provision.