The High Cost of “De-Risking” Infrastructure Finance
8. January 2019
The World Bank recently started advising governments to assume the bulk of the risk in public-private partnerships, so as to attract more private-sector players. But in addition to introducing an unacceptable moral hazard, this guidance is creating a possible doomsday scenario for debt-saddled developing countries around the world.
Project Syndicate| The High Cost of “De-Risking” Infrastructure Finance