Public-Private Partnerships in the Context of Public Investment Management in Ukraine : An Assessment

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作者：

World Bank

来源地址：

http://hdl.handle.net/10986/24772

关键词：

CONTINGENT LIABILITIES;  DEFICIT;  REGULATORY FRAMEWORK;  ACCOUNTING;  CHECKS;  LOCAL INFRASTRUCTURE;  DEFAULTS;  CONFLICT OF INTEREST;  STOCK;  FOREIGN INVESTORS;  VALUATION;  INTEREST;  GOVERNMENT DEFICIT;  PUBLIC INVESTMENTS;  GUARANTEES;  PROPERTY RIGHTS;  OPTION;  EXCHANGE;  LOCAL GOVERNMENTS;  DISCOUNT RATE;  INFRASTRUCTURE DEVELOPMENT;  PORTFOLIO;  GOVERNMENT CAPACITY;  MACROECONOMIC CONDITIONS;  LOAN;  CAPACITY BUILDING;  DISCOUNT;  INVESTMENT ACTIVITIES;  RENEGOTIATION;  BORROWERS;  PUBLIC ASSETS;  TAX;  COMMERCIAL LOAN;  BUDGETING;  BENEFICIARIES;  CREDITORS;  INTERNATIONAL BANK;  FOREIGN INVESTMENTS;  INSTRUMENTS;  DISPUTE RESOLUTION;  POLITICAL RISKS;  BUDGET;  ARBITRATION;  LEGAL INSTRUMENT;  STANDARD CONTRACT;  CURRENCY;  GOVERNMENT POLICY;  GOVERNMENT REGULATIONS;  DEGREE OF TRANSPARENCY;  TELECOMMUNICATIONS;  DISBURSEMENT;  CONTRACT RENEGOTIATION;  INSURANCE MARKETS;  PUBLIC FUNDS;  DEBTS;  CONTRACTS;  STATE GUARANTEES;  OPTIONS;  INTEREST RATES;  STATE GUARANTEE;  MONETARY FUND;  FINANCIAL INSTITUTIONS;  INTEREST RATES FOR LOANS;  MARKETS;  DEBT;  PRIVATE INVESTMENT;  LOCAL GOVERNMENT;  RETURN;  INTERNATIONAL DEVELOPMENT;  PUBLIC FINANCE;  LENDERS;  COMPETITIVE TENDER;  LOANS;  PRIVATE FINANCE;  LEGAL IMPEDIMENT;  RISK SHARING;  CONFLICTS OF INTERESTS;  DEBT SERVICE;  GROSS DOMESTIC PRODUCT;  DUE DILIGENCE;  LEGAL FRAMEWORK;  FINANCE;  PUBLIC INVESTMENT;  INTERNATIONAL FINANCIAL INSTITUTIONS;  CIVIL CODE;  EXPENDITURE;  TRANSACTIONS;  BUY BACK;  DEBT FINANCING;  INTERNATIONAL STANDARDS;  POTENTIAL INVESTORS;  TRANSACTION;  INVESTORS;  CURRENCY RISKS;  INTEREST PAYMENTS;  GOOD;  PRIVATE PARTY;  GOVERNMENT BUDGET;  TRANSPARENCY;  LLC;  MARKET FAILURES;  TURNOVER;  FUTURE;  RISK EVALUATION;  LEGAL INSTRUMENTS;  LEVEL OF RISKS;  CONFLICTS OF INTEREST;  BUDGETS;  INVESTMENT PROJECTS;  PRICE RISK;  CONTRACT;  REPAYMENT;  EXPENDITURES;  PROPERTY;  BIDS;  PROPERTIES;  BALANCE SHEET;  MARKET;  DEFAULT;  JOINT-STOCK COMPANIES;  CREDIT RATING;  RISK PROFILE;  MARKET VALUE;  PUBLIC DEBT;  LEASE AGREEMENT;  TREASURY;  ACCOUNTING STANDARD;  PRIVATE DEBT;  SHAREHOLDERS;  DISCOUNT RATES;  INSURANCE;  EXPROPRIATION;  ECONOMIC DEVELOPMENT;  PHYSICAL ASSET;  INTERESTS;  IMPLICIT INTEREST;  STATE LOANS;  INVESTOR;  GOODS;  SECURITY;  REGISTRATION SYSTEM;  LEGAL SYSTEM;  ACCOUNTING STANDARDS;  STOCKS;  INVESTMENT;  HUMAN RESOURCES;  INTERNATIONAL INVESTOR;  SHARE;  INVESTMENT CLIMATE;  DEBT RESTRUCTURING;  INVESTMENT ACTIVITY;  TREATY;  INTERNATIONAL STANDARD;  BID;  INSTITUTIONAL DEVELOPMENT;  REVENUE;  FINANCIAL STRUCTURE;  INVESTMENTS;  FINANCIAL SUPPORT;  CHECK;  LEGAL RECOURSE;  EXCHANGE RATE;  INSTRUMENT;  PUBLIC SPENDING;  CAPITAL INVESTMENT;  LIABILITIES;  GOVERNMENT ACCOUNTS;  INTERNATIONAL INVESTORS;  PARTIAL RISK;  GUARANTEE;  GOVERNMENT INTERVENTION;  INVESTING;  Report;  Rapport;  Informe; 

年份：

2016

出版地：

Washington,USA

语种：

English

摘要：

Ukraines vast needs in infrastructure coupled with a constrained fiscal space require concerted efforts in strengthening public investment management. Investments in infrastructure are important for fostering economic growth. Translating public investments into assets crucially depends on how efficiently all types of public investments are management. The structure to handle PPPs is currently inadequate to access the global PPP market. Since a PPP system needs to be built on the foundations of a workable PIM system, the prospects for Ukraine attracting international standard investments from the global PPP market may appear to be out of reach for the time being. Recent reforming legislation aimed at fixing some of the issues highlighted in the 2012 PIM Assessment is encouraging but much will depend on the effectiveness of the implementation and the capacity of the institutional actors to understand and absorb them. This Assessment must by its very nature capture the situation at the time of the Assessment rather than an expectation of future potential.