Building Integrated Markets within the East African Community : EAC Opportunities in Public-Private Partnership Approaches to the Region's Infrastructure Needs

World Bank

Washington, DC

关键词: ACCOUNTABILITY;    ACCOUNTING;    ACCOUNTING TREATMENT;    ASSET-BACKED SECURITIES;    BAD DEBTS;   

DOI  :  10.1596/978-1-4648-0227-0
RP-ID  :  88484

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

There are significant economic gains tobe realized if the East Africa sub region improves theoverall integration of its markets. But infrastructuredevelopment that links markets across countries facesparticular challenges, political, institutional, andeconomic. In the case of East Africa, these challenges haveserved to hold back investment into regional infrastructure,despite significant recent efforts within the region todevelop regional infrastructure investment plans and promotean increased use of Public-Private Partnership (PPP)approaches to mobilize private sector financing andexpertise. The report also recommends funding options forregional PPPs. The two main products identified are aViability Gap Facility (VGF), which would bridge the gapbetween the commercial viability of a regional PPP and itseconomic viability; and a Project Development Facility(PDF), which could support the preparation costs of regionalPPPs. The VGF could potentially be linked to the EACDevelopment Fund. Partner States need to be aware whendesigning these products that they may compete for fundswith domestic financing needs. The report also considers thedesirability of a regional long-term debt facility, andwhile there is widespread recognition of the need forlonger-term local currency financing, the challengesinvolved in implementing such a facility are such that thiswill need to be revisited at a future date.