Selected Issues Papers

Uzbekistan and Public-Private Partnerships: Country Lessons, Republic of Uzbekistan

By Lawrence Dwight

June 27, 2025

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Format: Chicago

Lawrence Dwight. "Uzbekistan and Public-Private Partnerships: Country Lessons, Republic of Uzbekistan", Selected Issues Papers 2025, 087 (2025), accessed June 28, 2025, https://doi.org/10.5089/9798229015455.018

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Summary

Public-Private Partnerships (PPPs) utilize private sector expertise, risk sharing, management, and financing to improve public investment. However, these benefits also carry risks. Project level risks include poor selection, optimism bias, off-budget financing, and contract renegotiation. Countries can manage these risks by integrating PPPs into the public investment plan, testing assumptions via scenario analysis, and evaluating risks during the selection process. Macroeconomic risks can arise if PPPs perform poorly or accumulate too rapidly. These risks can be addressed by implementing an annual cap on new projects or a cap on the PPP stock. Having a robust system to monitor PPPs improves implementation and guards losses from contingent liabilities.

Subject: Budget planning and preparation, Contingent liabilities, Expenditure, Financial institutions, Fiscal risks, Infrastructure, National accounts, PPP legislation, Public financial management (PFM), Public investment spending, Risks of public-private partnership, Stocks

Keywords: Budget planning and preparation, Contingent liabilities, Fiscal risks, Government liabilities, Infrastructure, National Subsidies, PPP legislation, Public Enterprise Governance, Public Enterprise Performance, Public Infrastructure, Public Investment, Public investment spending, Public Private, Public vs Private, Public-Private Partnerships, Risks of public-private partnership, Scope of Government, Sectoral analysis, Stocks

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