{"id":38831,"date":"2022-06-23T09:59:07","date_gmt":"2022-06-23T07:59:07","guid":{"rendered":"https:\/\/euronews.al\/en\/?p=38831"},"modified":"2022-06-23T09:59:07","modified_gmt":"2022-06-23T07:59:07","slug":"world-bank-takes-harsh-stance-on-albanian-government-over-ppps","status":"publish","type":"post","link":"https:\/\/euronews.al\/en\/world-bank-takes-harsh-stance-on-albanian-government-over-ppps\/","title":{"rendered":"World Bank takes harsh stance on Albanian government over PPPs"},"content":{"rendered":"<p>A study from the World Bank (WB) and the International Financial Corporation (IFC) on the unexploited potential of the Albanian economy revealed that Public-Private-Partnerships have not always been a good choice when trying to resolve Albania\u2019s infrastructural problems.<\/p>\n<p>\u201cMeanwhile the government has tried to mobilize private capital through PPPs, the extensive use of them, in the context of a limited transparency and weak monitoring, has resulted in the accumulation of significant contingent liabilities\u201d, reported the World Bank.<\/p>\n<p>According to WB, the majority of existing PPPs are provided through unsolicited proposals and lack competition, impeding the participation of foreign investors.<\/p>\n<p>75% of the PPPs signed from 2012-2018 were provided through unsolicited proposals.<\/p>\n<p>In addition, WB held that existing PPPs are not monitored on a systematic basis and that information on their performance is scarce.<\/p>\n<p><strong>YOU MIGHT ALSO LIKE<\/strong><\/p>\n<ul>\n<li><strong><a href=\"https:\/\/euronews.al\/en\/albania\/2021\/11\/08\/e39-million-for-ppps-in-the-health-sector-brace-paying-for-services-that-arent-being-offered\/\">\u20ac39 million for PPPs in the health sector, Bra\u00e7e: Paying for services that aren\u2019t being offered<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/euronews.al\/en\/albania\/2020\/11\/02\/bank-of-albania-calls-for-prudence-with-ppps-as-they-may-increase-public-debt\/\">Bank of Albania calls for prudence with PPPs as they may \u201cincrease public debt\u201d<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/euronews.al\/en\/albania\/2022\/04\/05\/annual-inflation-set-to-hit-4-5-warns-economy-minister\/\">Annual inflation set to hit 4.5%, predicts economy minister<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>A study from the World Bank (WB) and the International Financial Corporation (IFC) on the unexploited potential of the Albanian economy revealed that Public-Private-Partnerships have not always been a good choice when trying to resolve Albania\u2019s infrastructural problems. \u201cMeanwhile the government has tried to mobilize private capital through PPPs, the extensive use of them, in [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":38832,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[153],"tags":[270,823,150,151,1656,1349],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - 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