PPP Scheme Of The Philippines Lauded By World Bank

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The report noted that the Philippines is among the 23 percent of 82 economies in the world that have the PPP regulations that ensure consistency in its priority projects.

The Public Private Partnership or PPP program of the Philippines has received high scores from the World Bank (WB) in the recently released “Benchmarking Public Private Partnerships Procurement 2017”.

The report noted that the Philippines is among the 23 percent of the 82 economies in the world that have PPP regulations that ensure consistency in its priority projects with the investment agenda of the country.

“Scores nearing 100 are economies that are considered having PPP regulatory frameworks that closely align with internationally recognized good practices”, the World Bank’s report said.

World Bank
The World Bank Building.

The multilateral lender cited that PPP projects of the Philippines get central budgetary approval, fiscal affordability and viability assessment, market assessment and risk identification for giving a near perfect score for the PPP preparations.

The World Bank also noted that the PPP projects of the Philippines are subjected to comparative assessment against public procurement and the draft PPP contract is included in the proposal.

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