The Rise and Fall of Public-Private Partnerships : Finance, Infrastructure and Developing Countries - James Leigland

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The Rise and Fall of Public-Private Partnerships

Finance, Infrastructure and Developing Countries

By: James Leigland

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Hardcover | 15 November 2024

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This book explores how the private sector has long been expected to mobilize finance into much needed infrastructure investment in developing countries. This insightful book is a detailed exploration of the World Bank's initial promotion of public-private partnerships (PPPs) as a solution, and evaluates their insufficient performance over the past decades.

James Leigland expertly delves into the past 30 years of PPP advocacy to argue that blind faith in PPPs has led to a failure to deal with the main obstacles to infrastructure investment in the developing world. Investigating the successes and inadequacies of PPPs over the years, Leigland demonstrates that over-reliance on, and unreserved promotion of, these projects will not close the infrastructure gap in developing countries. Leigland goes on to suggest alternatives to PPPs that would allow for cost-effective financing and management of infrastructure, that would help achieve the UN's Sustainable Development Goals.

The Rise and Fall of Public-Private Partnerships is essential reading for practitioners, policy makers and those who are actively funding campaigns to promote PPPs in developing countries. It will also be of substantial interest to organisations and scholars, questioning and exploring the use of PPPs in this under researched area.

Industry Reviews

'James Leigland spent many years at the World Bank, and has more than two decades of experience working on public-private infrastructure design, regulation and management. That deep expertise makes The Rise and Fall of Public-Private Partnerships, his damning account of thirty years of donor engagement in infrastructure PPPs, all the more compelling. As the hype over trillions in private finance for climate and development infrastructure reaches a pitch that could deafen pets, the book could not be better timed. Leigland's call for re-evaluation and reform is both vital and urgent.' -- Charles Kenny, Senior Fellow Center for Global Development, Washington DC, US

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