Managing and executing large-scale public-private partnerships is already a tough task, and governments aren’t making it any easier by not adopting best practices, according to a new World Bank report.
The multilateral agency released Thursday the 2017 edition of its “Benchmarking PPP Procurement” study, which assesses the systems and processes that countries employ to carry out PPPs for large infrastructure projects. The report looked at the PPP capabilities of 82 countries measured across four areas — preparation, procurement, unsolicited proposals and contract management.
The survey says that there is much room for improvement.