The Impact and Policy Responses for COVID-19 in Asia and the Pacific

At the start of 2020, COVID-19 spread across the world at an unyielding pace. What began as global jitters has evolved into unprecedented disturbances in the economy, health systems and daily life. In Asia and the Pacific, the impacts of the pandemic have reverberated among its population of more than 4 billion and in its network of vital supply chains. In the face of such challenges, the region must respond quickly and collectively to save lives and build resilience against future pandemics. This policy note summarizes the key impacts of COVID-19 in the Asia-Pacific region and suggests short- and medium-term recommendations for consideration by member States to shape responses for a sustainable future.

• Language English
• File Type PDF
• Contributor United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)
• Keywords COVID-19,pandemic,Policy Response
• Site Source Knowledge Lab

Guidance on PPP Contractual Provisions, 2019

This edition contains guidance and examples drafting provisions in relation to a number of core PPP contractual clauses. The Guidance and is intended to aid contracting authorities who have decided to use PPPs as the procurement method for a project, and is not a recommendation to use PPPs or an analysis of their advantages or disadvantages.

• Language English
• File Type PDF
• Contributor PPIAF,World Bank Group (WBG),Global Infrastructure Facility (GIF)
• Document Type Analysis
• Sector Multi-sector (i.e. for infrastructure in general) 
• Keywords PPP ,force majeure,Contractual Provisions ,Guidance
• Topic PPP Institutional Framework,PPP Policy
• Site Source Knowledge Lab

Managing PPP Contracts After Financial Close

Developed by the Global Infrastructure Hub, a G20 initiative, the PPP Contract Management Tool provides guidance for governments in managing PPP projects after financial close, through construction and operations.

The tool highlights lessons learned on some of the common challenges that arise and how they can be addressed, as well as how to avoid some of the common pitfalls.

The data and case studies include new information about the management of PPP contracts, which has informed the guidance set out in the report. The quantitative data is based on a data collection exercise from over 250 projects globally. The case studies focus on lessons learned during the set-up of the contract management team, and throughout the construction and operations phases of PPP projects.

PPP contracts are long-term and complex, and effective contract management throughout their lifespan is essential in ensuring a successful outcome.

The PPP Contract Management Tool is freely available online at managingppp.gihub.org

• Language English
• File Type PDF
• Contributor Global Infrastructure Hub (GIH)
• Document Type Analysis
• Keywords Financial close,contracts
• Topic Contract Management

Global Infrastructure Outlook

A forecast of infrastructure investment needs and gaps globally for 56 countries, 7 sectors and 5 regions.

• Language English
• Contributor Global Infrastructure Hub (GIH)
• Document Type Analysis
• Sector Multi-sector (i.e. for infrastructure in general) 
• File Type Website
• Site Source Knowledge Lab
• Keywords G20 initiative,infrastructure investment ,reform

Leading Practices in Governmental Processes Facilitating Infrastructure Project Preparation

This Reference Tool on Governmental Processes Facilitating Infrastructure Project Preparation (or the ‘reference tool’ hereinafter) seeks to complement global initiatives in this regard and is structured as a guidance tool to support governments in implementing infrastructure projects and in their efforts to strengthen the building blocks for project preparation.

The reference tool reinforces conceptual aspects and approaches covering the formulation of infrastructure plans, project pipeline creation, feasibility evaluation, project reviews and approvals, project marketing and stakeholder communication, with the focus of the tool being on the stages of project preparation which occur prior to project procurement. A country-lens approach, involving a review and profiling of project preparation processes in 15 countries (which can be found in Appendix A), was adopted to identify and incorporate leading practices and lessons learned contained herein.

The reference tool is designed for use by policymakers and practitioners responsible for developing infrastructure projects. While it is aimed specifically at those involved in project preparation, it provides instructive lessons on a wider set of activities, including linkages with country-level infrastructure plans and project pipelines, and their prioritisation and screening, for a broader audience including other government officials, financial institutions and private infrastructure developers and contractors.

The reference tool will be a useful aid for governments in their quest to improve project preparation practices and their capacity for preparing bankable and sustainable projects, and to usher in universal delivery of infrastructure services and improved quality of living.

• Language English
• File Type PDF
• Document Type Tools & guidelines
• Contributor Global Infrastructure Hub (GIH),CRISIL
• Topic Project Identification

Reference guide: Output Specifications for Quality Infrastructure

This particular guidance note is designed to assist governments and public sector asset managers in developing output specifications to deliver Quality Infrastructure, as defined by the G20 Leaders at the Hangzhou Summit in September 2016.

• Language English
• File Type PDF
• Contributor Global Infrastructure Hub (GIH)
• Document Type Tools & guidelines
• Keywords output specifications
• Sector Multi-sector (i.e. for infrastructure in general) 
• Topic Contract Design

Inclusive Infrastructure and Social Equity

Inclusive Infrastructure is infrastructure development that enhances positive outcomes in social inclusivity, and ensures that no individual, community or social group is left behind or prevented from benefiting from improved infrastructure.

The Reference Tool on Inclusive Infrastructure and Social Equity presents a practical evidence-based framework for practitioners to maximise the impact of infrastructure investment on reducing inequality and promoting shared prosperity.

• Language English
• File Type PDF
• Contributor Global Infrastructure Hub (GIH)
• Document Type Tools & guidelines
• Sector Multi-sector
• Site Source Knowledge Lab
• Keywords Inclusive Infrastructure , Social Equity

Allocating Risks in Public-Private Partnership Contracts

A searchable guide on how best to allocate risk in ppp project across sectors. 

Understanding risks is essential to every PPP agreement. Search below for how to best allocate risks between public and private sectors.

• Language English
• Document Type Tools & guidelines
• File Type Website
• Topic Risk Allocation
• Contributor Global Infrastructure Hub (GIH)
• Site Source Knowledge Lab

DARP—Creating Distressed Assets Markets

Every financial system has faced or will face a crisis at some point. But even in the absence of a crisis, the extraordinary growth in credit over the last two decades has resulted in an increase of non-performing loans (NPLs), which are an unavoidable by-product of lending. This can put economies at risk. When not addressed, distressed assets can grow to reach critical thresholds that can slow down, or even prevent, economic recovery and increase unemployment, creating a vicious circle that is difficult to break. Well-developed distressed assets markets can interrupt this loop, allowing for a return to economic growth and financial stability. However, this requires that all stakeholders—each inevitably with different motivations—are prepared to reach compromises. Similarly, the magnitude of the NPL problem is so severe in many economies that collaboration between the private and public sectors is also crucial. In response to these challenges, the International Finance Corporation (IFC) is taking the lead in supporting the development of strong distressed assets markets across emerging economies through its Distressed Asset Recovery Program (DARP) and capitalizing on the attractive investment opportunities deriving from these challenges.

This report is structured in four chapters. Chapter 1 provides an overview of DARP, how DARP addresses market inefficiencies today, and what DARP will focus on going forward. Chapter 2 examines the importance of having a robust legal framework that enables the development of distressed assets markets, while Chapter 3 explores how the establishment of public asset management companies (AMCs) can complement the crucial private sector involvement. Finally, Chapter 4 looks more closely at several markets where most preconditions for large-scale distressed assets resolution are being put in place. These warrant a closer look by investors seeking opportunities in distressed assets markets.

• Language English
• File Type PDF
• Contributor International Finance Corporation (IFC)
• Document Type Tools & guidelines
• Keywords distressed assets

The Infrastructure Prioritization Framework

Governments must decide how to allocate limited resources for infrastructure development, particularly since large financing gaps have been projected for the coming decades. Social cost-benefit analysis provides sound project appraisal and, when systematically applied, a basis for prioritizing projects. However, in some instances, capacity and resource limitations make extensive economic analysis across full project sets unfeasible in the immediate term. This paper responds to a need for expanding the available set of tools for project selection by proposing an alternative prioritization approach that is consistent and systematic, yet pragmatic and feasible within the current resource means of government.

The Infrastructure Prioritization Framework (IPF) is a multi-criteria decision support tool that considers project outcomes along two dimensions: social/environmental and financial/economic. When large sets of small- to medium-sized projects are proposed, resources for implementation are limited, and basic project appraisal data are available, IPF can be used to inform project selection.

• Language English
• File Type PDF
• Contributor World Bank Group (WBG)
• Document Type Tools & guidelines
• Keywords prioritization,infrastructure
• Site Source Knowledge Lab

Public-Private Partnerships Fiscal Risk Assessment Model (PFRAM): Version 2.0

The Public-Private Partnerships Fiscal Risk Assessment Model, PFRAM developed by the IMF and the World Bank Group (WBG), is an analytical tool to assess fiscal costs and risks arising from public-private partnership (PPP) projects. It is designed to assist governments in assessing fiscal implications of PPPs, as well as in managing these projects in a proactive manner. Since it was launched in April 2016, PFRAM has been used in the context of IMF and WBG technical assistance, as well as by country authorities (for example, PPP units in Ministries of Finance, public corporations) to better understand the medium- to long-term fiscal implications of PPPs.

Building on experience gathered from developers and users, this new version PFRAM 2.0 improves the user interface making it easier to understand by non-PPP experts and extends the tool’s coverage and functionalities. 

For World Bank Group users, if you have problem in enabling macros, please follow the instruction here.

To explore more on Infrastructure, Public-Private Partnerships, and Fiscal Management, please check out our e-learning course.

• Language English
• Contributor World Bank Group (WBG),International Monetary Fund (IMF)
• Document Type Tools & guidelines
• File Type Spreadsheet
• Site Source Knowledge Lab
• Keywords Contingent Liabilities, Fiscal Risks, Fiscal Management

PPP Project Screening and Analytics Tool (PSAT)

The Project Screening and Analytics Tool (PSAT) is a decision-making tool for preliminary screening to determine projects’ potential suitability for PPP procurement and project prioritization. The tool helps evaluate projects on qualitative and quantitative variables, and functions well in situations of low or high information availability. This includes but is not limited to high level/pre-feasibility studies (technical, economic, financial, legal, and environmental analysis), site checks, fiscal and budget evaluations, political and economic evaluations, determination of the need for the project, initial market checks, preliminary risk analysis, qualitative value-for-money check, etc. It builds on an earlier version of the PPP Screening Tool developed in 2017 and offers enhanced features such as ability to enter and store information for more than one project (forming a PSAT database), produce various types of analysis, generate three types of reports (in Word, PDF or Excel formats), prioritize projects and download all project data entered in the tool. The PSAT can also be used as a decision-tool or checklist at any stage of project development prior to initiation of procurement to determine whether the project should move forward. The tool cannot replace a full-scale feasibility study and results depend on the accuracy of the information provided. The tool identifies how suitable it would be to implement a project as a PPP and should be followed up by detailed studies

• Language English
• Contributor World Bank Group (WBG)
• Document Type Tools & guidelines
• File Type Spreadsheet
• Keywords project screening
• Site Source Knowledge Lab

InfraCompass

InfraCompass objectively quantifies the strength of the infrastructure enabling environment by aggregating data for 81 countries, collectively representing 93% of global GDP and 86% of the world population. It aims to help governments and policy specialists assess where a country is performing well and where there are opportunities for improvement, allowing them to identify policies that will lead to better public and private infrastructure investment.

InfraCompass ranks countries across eight drivers: Governance, Regulatory Frameworks, Permits, Planning, Procurement, Activity, Funding Capacity, and Financial Markets.

• Language English
• File Type PDF
• Contributor Global Infrastructure Hub (GIH)
• Document Type Tools & guidelines
• Keywords regulatory framework,infrastructure gap,global infrastructure capability
• Topic Governance
• Site Source Knowledge Lab