Management of Contingent Liabilities in PPP Infrastructure Projects

The book has the objective to outline the main features of Public Private Partnerships in general, and in particular to analyze the contingent liabilities arising from guarantees provided by the governments as a part of the privatization process. By undertaking a detailed survey of literature and review of projects, this book attempts to put light on the nature of the contingent liabilities, how they arise, and how they are managed in the public sector. The aim of this book is to elevate the governments' ability to manage, control risk as well as to increase efforts to improve the allocation of the resources in the economy.