Government Guarantees for Mobilizing Private Investment in Infrastructure

This publication provides guidance to government officials in emerging markets and developing economies (EMDEs) on when government guarantees for public-private-partnership (PPP) projects might be desired; how they could be best utilized; the structure and scope of guarantees and guarantee programs; the costs and risks entailed; and how to manage these risks. This guidance book is not intended to promote PPPs or guarantees but rather aims to provide a balanced view on how EMDEs can strategically deploy guarantees in limited circumstances to mobilize private financing for their infrastructure needs more effectively. 

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