Public-Private Partnerships Offer Transformative Positive Change
11. May 2018
During the World Bank-IMF Spring Meetings, some civil society organizations called for the World Bank Group to stop supporting client countries with public-private partnerships. Laurence Carter, senior director for infrastructure, public-private partnerships, and guarantees at the World Bank Group explains in this article how the World Bank is involved in PPPs and why they can help countries make important advances toward the Sustainable Development Goals.
Government budgets and aid alone cannot ensure that everyone gets access to sanitation, water, and electricity. To accomplish this, we must maximize finance for development from all possible sources, including the private sector, which can offer effective development solutions, not just financing.