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Uneven outcomes from private infrastructure finance: evidence from two case studies

Van Waeyenberge, Elisa; Bayliss, Kate; Romero, Maria Jose

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Authors

Maria Jose Romero



Abstract

The Sustainable Development Goals have intensified calls for private finance to address a so-called financing gap. This paper provides a critical assessment of the promotion of private finance in infrastructure, assessing two public–private partnerships (PPPs), celebrated for their success in mobilising private funds: a road in Senegal and a hospital in Brazil. While these projects may have had some positive outcomes, their apparent success relies on extensive support from governments and donors. Our findings question the efficacy of private financing as a response to shortages of infrastructure funds. Rather than plugging the financing gap, private finance risks creating fiscal burdens.

Citation

Van Waeyenberge, E., Bayliss, K., & Romero, M. J. (2021). Uneven outcomes from private infrastructure finance: evidence from two case studies. Development in Practice, 31(7), 934-945. https://doi.org/10.1080/09614524.2021.1938513

Journal Article Type Article
Acceptance Date May 18, 2021
Online Publication Date Aug 19, 2021
Publication Date Aug 19, 2021
Deposit Date May 19, 2021
Publicly Available Date May 25, 2021
Journal Development in Practice
Print ISSN 0961-4524
Electronic ISSN 1364-9213
Publisher Taylor and Francis Group
Peer Reviewed Peer Reviewed
Volume 31
Issue 7
Pages 934-945
DOI https://doi.org/10.1080/09614524.2021.1938513

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Copyright Statement
This is an Accepted Manuscript version of the following article, accepted for publication in Development in Practice published by Taylor and Francis. https://doi.org/10.1080/09614524.2021.1938513. It is deposited under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way.





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