Best Practices and Guidelines

Best practices and tools for the different PPP project stages, including prioritization, structuring, evaluation, procurement and contract

Project Prioritization and Selection

Prioritizing Infrastructure Investment. A Framework for Government Decision Making

EU BIM Task Group

Building Information Modelling (“BIM”) is being adopted rapidly by different parts of the value chain as a strategic tool to deliver cost savings, productivity and operations efficiencies, improved infrastructure quality and better environmental performance.

Prioritizing Infrastructure Investment. A Framework for Government Decision Making

World Bank

This paper provides a multi-criteria prioritization approach that considers project outcomes along two dimensions, social-environmental and financial-economic.

A Methodological Framework for Prioritizing Infrastructure Investment

World Bank

This paper discusses the trade-offs policy makers confront when attempting to prioritize infrastructure investments, in particular with regard to economic growth and welfare, and proposes a methodological framework for prioritizing infrastructure projects.

Unsolicited Proposals – An Exception to Public Initiation of Infrastructure PPP. An Analysis of Global Trends and Lessons Learned

PPIAF

This study discusses a series of global trends related to unsolicited proposal processes and lessons learned from the management of such proposals. It recommends simple measures that countries could adopt to better manage unsolicited proposals.

Structuring and Evaluation

Allocating Risks in Public-Private Partnership Contracts

Global Infrastructure Hub

The document shows the allocation of risks between the public and private sectors in PPP transactions. It includes projects within the transport, energy and water and sanitation sectors.

Lessons learned and best practices in Public-Private Partnership Projects

IDB, FOMIN

The Multilateral Investment Fund has gathered lessons learned and best practices to identify and solve problems and to improve decision making during the cycle of implementing a PPP.

Value for Money Assessment, review of approaches and key concepts

European PPP Expertise Centre

This report focuses on the use of VfM assessment to guide and support decisions on whether to deliver a public infrastructure project through a Public-Private Partnership (PPP) or through other public procurement means.

A Checklist for Public-Private Partnership Projects

World Bank

This checklist seeks to provide public policy makers and managers with a tool that can help them ensure that the key requirements in PPP projects are fulfilled. The checklist includes project and transaction specific questions as well as questions on the overarching environment.

Strategic Infrastructure Steps to Prepare and Accelerate Public-Private Partnerships

World Economic Forum & The Boston Consulting Group

This report outlines government best practices for overcoming the challenges of PPP preparation. It focuses on four best-practice areas: managing a rigorous project-preparation process, conducting a bankable feasibility study, structuring balanced risk allocation and creating a conducive enabling environment.

Procurement and Contracting

PROCUREMENT GUIDANCE, Project Procurement Strategy for Development. Short Form Detailed Guide

World Bank

This detailed guidance provides a procurement set of tools and techniques to achieve best value for money in project finance.

Compendium of good practices for integrity in public procurement

OECD

This paper includes the identification of good practices in transparency and anti-corruption in public procurement and the development of procurement performance indicators to support evidence-based decision-making.

Report on Recommended PPP Contractual Provisions

World Bank, PPIAF

The objective of this document is to set out contractual language that has been found to be appropriate in many PPP transactions, and to describe the rationale for the provisions, such as the issues of force majeure, termination rights, dispute resolution, etc.

Sample guidelines for pre-qualification and competitive bidding process

World Bank

The document is intended to provide requirements and suggestions for a competitive bidding process, covering areas such as: pre-qualification, requests for proposals, bidders, insufficient competition, auction mechanism (evaluation and award criteria) and final negotiation of the project agreement.

Financing

Analysis and guidelines to fostering private and institutional investors’ financing for infrastructure

G20/OECD Guidance Note on Diversification of Financial Instruments for Infrastructure and SMEs

OECD

This guidance note recommend policy steps that could contribute to diversified financing instruments for infrastructure and SMEs with special attention to equity financing, by promoting capital market development, engaging institutional investors, and promoting infrastructure investments as an asset class.

G20/OECD Support Note on Diversification of Financial Instruments for Infrastructure

OECD

Support note to the Guidance Note on Diversification of Financial Instruments for Infrastructure and SMEs.

Capital market instruments to mobilize institutional investors to infrastructure and SME financing in Emerging Market Economies. Report for the G20

World Bank, IMF, OECD

This report seeks to identify key capital markets instruments that can help mobilize institutional investors to infrastructure and small and medium enterprises (SME) financing in emerging market economies.

Mapping of Instruments and Incentives for Infrastructure Financing: a Taxonomy

OECD

The document is intended to provide a structured framework for understanding the range of instruments and vehicles for infrastructure finance along with risk mitigation measures and incentives that may be used to support such financing.

Criteria for identifying simple, transparent and comparable securitisations

Bank for International Settlements, OICV-IOSCO

The purpose of these criteria is to assist in the financial industry’s development of simple, transparent and comparable securitisation structures. They are not intended to serve as a substitute for investors’ due diligence.

Private financing and government support to promote long-term investments in infrastructure

OECD

The report presents an overview of the main types of government and market based instruments and incentives able to boost the mobilisation of financial resources to long-term investment. The focus is on the development of new instruments and techniques that financial markets have developed.

Top 10 impediments to long-term infrastructure financing and investment

IFF

This document includes the top 10 impediments to long-term infrastructure financing and investment, and its potential solutions.

Institutional Investors and Green Infrastructure Investments. SELECTED CASE STUDIES

OECD

This report examines the channels through which institutional investors can access green infrastructure, assesses the extent to which this is currently happening, and identifies the barriers to scaling up these investment flows.

Institutional Investors and Infrastructure Financing

OECD

This paper examines the role of institutional investors in long-term financing and the infrastructure investment. It also outlines that the role of institutional investors in long term financing is constrained by the short-termism increasingly pervasive in capital markets as well as structural and policy barriers such as regulatory disincentives, lack of appropriate financing vehicles, limited investment and risk management expertise, transparency, viability issues and a lack of appropriate data and investment benchmarks for illiquid assets such as infrastructure.

Investment Ecosystem

Analysis regarding topics that influence the conditions within a country for long-term financing

Financial Markets and Institutional Investors

Regulation of Insurance Company and Pension Fund Investment

OECD

Investment regulations are a key aspect of the regulatory framework imposed on insurers and pension funds to limit risk taking. As governments look to institutional investors’ contribution to better support the growth of the real economy, the way in which investment regulations impact institutional investors’ investment behaviour has become an area that has gained increased attention.

Local Currency Bond Markets: A Diagnostic Framework

IMF, World Bank, EBRD, OECD

The purpose of the diagnostic framework is to provide a tool for analyzing the state of development and efficiency of local currency bond markets. The diagnostic framework focuses on analyzing the following market segments: the money market, government and corporate bond markets, and the derivatives market.

Corporate Bonds, Bondholders and Corporate Governance

OECD

This report provides a comprehensive global overview of all corporate bond issues since 2000 and experiences of governance engagement by bondholders.

G20/OECD High-Level Principles of long-term Investment Financing by Institutional Investors

OECD

The high-level principles are designed to facilitate and promote long-term investment by institutional investors such as pension funds, insurers and sovereign wealth funds that typically have long duration liabilities and consequently can consider investments over a long period provided these are prudent and capable of producing a reasonable risk-adjusted return.

Institutional Framework for Infrastructure

Making Public Investment More Efficient

IMF

Improvements in public investment management could significantly enhance the efficiency and productivity of public investment. The IMF’s Public Investment Management Assessment (PIMA) considers the key institutions which shape the planning, allocation, and implementation of public investments.

Public Private Partnership Units: Lessons for their design and use in infrastructure

World Bank, PPIAF

This paper seeks to answer the question of whether specialist PPP units have contributed to successful PPP.

Public-Private Partnership Units - What Are They and What Do They Do?

World Bank

This note review experiences regarding PPP Units. Making the right choices on what roles such units play, where they are located, and how conflicts of interest are managed is critical in their success.

Foreign Investment and International Trade

State-to-State dispute settlement and the interpretation of investment treaties

OECD

The analysis seeks to identify policy reasons why governments might wish to provide for or exclude the power to obtain pure interpretations of investment treaties.

Using Foreign Factors to Enhance Domestic Export Performance. A FOCUS ON SOUTHEAST ASIA

OECD

This paper discusses how countries can use foreign value added to enhance their domestic export performance. It shows that foreign sourcing is a complement to, rather than substitute for, the creation of domestic value added.

Case Studies

Financing Infrastructure in Asia and the Pacific: Capturing Impacts and New Sources

ADB (ASIAN DEVELOPMENT BANK)

This book presents several country studies and explains how infrastructure investment can increase output, taxes, trade, and firm productivity.

BONDS AND CLIMATE CHANGE THE STATE OF THE MARKET 2018

Climate Bonds Initiative

Analysis of the labelled green bond climate-aligned and universe, highlighting investment opportunities to finance climate-aligned assets within different climate themes.

ESTUDIO DE ENERGÍAS LIMPIAS EN MÉXICO

CESPEDES

Updated research on the required investments in Mexico to meet its clean energy objectives (document in Spanish).

Could Mexico become the new ‘China’? Policy drivers of competitiveness and productivity

OECD

The aim of this paper is to examine the evolution of total factor productivity in Mexico’s manufacturing sector, as compared to China’s.

Participation in Global Value Chains in Latin America. IMPLICATIONS FOR TRADE AND RADERELATED POLICY

OECD

This paper characterises the extent of Global Value Chains participation in selected countries of Latin America.

G20 Investment strategies and G20/OECD Report on G20 Investment strategies (Volume I & II, and Highligths)

OECD, G20

During 2015, the G20 Investment and Infrastructure Working Group (IIWG) conducted a voluntary exercise to compile G20 countries’ investment strategies, which include concrete actions and policies to improve the investment ecosystem and to foster investment, including for infrastructure.

Pre-Investment in Infrastructure in Latin America and the Caribbean: Case studies from Chile, Mexico, Peru, and Uruguay

IDB

The paper outlines that there is room for feasible policy improvements in the pre-investment phase in Latin America and the Caribbean that would enhance infrastructure delivery, boost growth, and promote development in the region.

Creating New Models Innovative Public-Private Partnerships for Inclusive Development in Latin America

World Economic Forum

This report shows through a series of case studies, the creativity and commitment displayed throughout Latinamerica in the design and execution of innovative public-private partnerships in areas such as education, health and environmental sustainability.

A Winning Framework for Public-Private Partnerships: Lessons from 60-Plus IFC Projects

IFC

This report addresses the critical question: how can the public and private sectors build successful partnerships?

Best Practices in Public-Private Partnerships Financing in Latin America: the role of subsidy mechanisms

World Bank Institute, Ministry of Economy and Finance of the Government of Spain

The report draw on experiences from Latin America in the design and use of subsidy schemes to promote PPP.

Best Practices in Public-Private Partnerships Financing in Latin America: the role of innovative approaches

World Bank Institute, Ministry of Economy and Finance of the Government of Spain

The report  draws on recent experiences from Latin America and elsewhere in innovative approaches to financing PPP.

Best Practices in Public-Private Partnerships Financing in Latin America: the role of guarantees

World Bank Institute, Ministry of Economy and Finance of the Government of Spain

The report draw on recent experiences from Latin America and elsewhere in  the use of guarantees to support PPP.