Paris, 24-25 March 2011
Chair: Gordon McKechnie
Thursday 24 March 2011
PPPs in the aftermath of the global financial crisis:
The global financial crisis posed particular challenges to the PPP and general infrastructure procurement framework of OECD countries. As credit was drying up and the economy contracting, the stimulus programmes called for the public sector to take on new risks and to leverage private sector capacity.
This brought a number of institutional and procedural changes. The thinking behind these changes, the political economy of change and lessons learned were discussed in this session.
- Charles Lloyd, Partner, PWC: “World overview of the PPP market”.
- François Bergere, Secrétaire Général, Mission d'Appui aux Partenariats Public-Privé (MAPPP): "Procedural and institutional changes in French PPP and concession framework".
- Jay-Hyung Kim, Managing Director, Public and Private Infrastructure Investment Management Center (PIMAC), Korea Development Institute (KDI): “The Korean overhall of institutions and procedures after the last financial crisis: lessons learnt and new develo.
- Emilia Scafuri, Senior Advisor, Ministry of Finance, Italy: “Changes in the institutional framework for PPP in Italy and application to some case studies”.
- Nick Jennett, Head of EPEC, European Investment Bank: “New institutional and market developments in EIB partner countries”.
From lessons towards principles on PPPs:
This session took stock of the lessons learned regarding PPPs in member countries over the last decade. Based on these lessons, possible principles on PPPs were discussed.
- OECD Secretariat: From lessons to principles.
- Bernhard Muller, Ministerialrat, Project Partnerships Germany, Ministry of Finance: Comments.
- Edward Farqharson, Assistant Director, Infrastructure UK, HM Treasury: Comments.
- François Bergere, Secrétaire Général, Mission d'Appui aux Partenariats Public-Privé (MAPPP): Comments.
Case studies – learning from peers:
This session contained a number of detailed cases studies where concrete PPP projects were presented so that delegates could learn from each other.
Friday, 25 March 2011
Accounting for PPPs – value for money and transparency:
PPPs should only be chosen when they represent value for money based on a detailed comparison with a public sector bid. However, since PPPs backload the cash flow for large infrastructure projects and in many cases are not booked on the government’s balance sheet, the wrong incentives for doing PPPs can be strong, especially in countries burdened by debt.
This session examined the accounting rules in order assess whether they achieve their objectives.
- Ken Wild, Fellow, Judge Business School, Cambridge University: "PPP Accounting: What should we be trying to achieve?"
- Prof. David Heald, University of Aberdeen Business School: "PPP Accounting: Transparency and Governance".
- Denis Besnard, Unit C3, National Accounts Division, Eurostat: "Applying ESA 95 to PPPs".
- Abdoul Wane, Senior Economist, Fiscal Affairs Department, IMF.
Case studies session – learning from peers:
This session contained additional detailed cases studies where concrete PPP projects were presented so that delegates could learn from each other.
OECD presentation of future work
From Lessons to Principles for the use of Public-Private Partnerships -- Draft
Public-Private Partnerships in Quebec: An Ideology Gone Off-course
International Handbook on Public–Private Partnerships
Public Private Partnerships in Canadian Healthcare: A Case Study of the Brampton Civic Hospital