For too long, there has been a dearth of literature and guidance on policy and practice in public-private partnership (PPP) disclosure and a wide gap in understanding the mechanics of disclosure by practitioners within governments and the private sector. The just-released Framework for Disclosure in Public-Private Partnership Projects, a systematic structure for proactively disclosing information, fills this gap. Two additional documents, Jurisdictional Studies and Good Practice Cases, provide relevant background and resources, complementing the goals of the Framework.
Why focus on disclosure?
Disclosure and transparency are high priorities for successful public-private partnerships, which involve government officials and corporate leaders in high-stakes deals. PPP contracts, and the multi-million dollar financing agreements behind them, are powerful tools that governments can use to leverage private sector knowledge, experience, and financing capacity to improve the volume and quality of basic services provided to local populations.
Many successful PPPs have a high level of transparency during the procurement phase, but so far there’s been no widely-accepted framework for the sort of disclosure process that a PPP should follow during the pre- and post-procurement phases, and very little written about guidelines for transparent PPPs that would apply to the majority of these deals – which are growing in number around the world.