Public Money for Private Infrastructure: Deciding When to Offer Guarantees, Output-based Subsidies and Other Forms of Fiscal Support (World Bank Working Paper, #10)

by World Bank

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Government decisions are rarely driven solely by the dictates of cost-benefit analyses. Generating good decision making about fiscal support also requires processes for decision making that facilitate good analysis and temper the influence of self-interest. This report sets out a framework intended to help governments make better decisions about giving fiscal support for private infrastructure services and provides some tools to facilitate analysis. Several policies to enhance the collocation of information, incentives and decisions are proposed: giving responsibility to people working on the objective (rather than the instrument or the infrastructure service); separating decision making from delivery; involving those responsible for costs; utilizing decision making forums that emphasize tradeoffs; routinely generating information on costs and benefits; requiring routine disclosure of information; charging for certain types of support; and ensuring accountability for decisions.
  • ISBN10 0821355562
  • ISBN13 9780821355565
  • Publish Date 22 July 2003
  • Publish Status Active
  • Out of Print 25 February 2014
  • Publish Country US
  • Imprint World Bank Publications
  • Format Paperback
  • Pages 63
  • Language English