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Publication Detail
C10 C10.2 C2.5 C2.11: GOVERNMENT GUARANTEES IN INFRASTRUCTURE PROJECTS: A SECOND, THIRD LOOK AT THE POLICY

To encourage private sector participation in public infrastructure projects, government guarantee has been utilized as an instrument to mitigate the risks associated with public investments. However, this creates contingent liabilities that the governmenhas to face. This issue argues that the government must move towards project financing structures having less provision for subsidies and guarantees. Private sector should then have greater risk participation.

Ateneo Center for Social Policy and Public Affairs
Authors Keywords
Llanto, Gilberto M.; Soriano, Ma. Cecilia G.; role of civil society; policy process; state public sector management;
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