Public-private Partnerships In The New Eu Member States: Managing Fiscal Risks (world Bank Working Papers)

W O R L D B A N K W O R K I N G P A P E R N O . Public-Private Partnerships in the New EU Member States Managing Fiscal Risks Nina Budina Hana Polackova Brixi Timothy Irwin THE WORLD BANK 1 1 4 W O R L D B A N K W O R K I N G P A P E R N O . Public-Private Partnerships in the New EU Member States Managing Fiscal Risks Nina Budina Hana Polackova Brixi Timothy Irwin THE WORLD BANK Washington, D.C. 1 1 4 Copyright © 2007 The International Bank for Reconstruction and Development / The World Bank 1818 H Street, N.W. Washington, D.C. 20433, U.S.A. All rights reserved Manufactured in the United States of America First printing: June 2007 printed on recycled paper 1 2 3 4 5 10 09 08 07 World Bank Working Papers are published to communicate the results of the Bank’s work to the development community with the least possible delay. The manuscript of this paper therefore has not been prepared in accordance with the procedures appropriate to formallyedited texts. Some sources cited in this paper may be informal documents that are not readily available. The findings, interpretations, and conclusions expressed herein are those of the author(s) and do not necessarily reflect the views of the International Bank for Reconstruction and Development/The World Bank and its affiliated organizations, or those of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank of the legal status of any territory or the endorsement or acceptance of such boundaries. The material in this publication is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. The International Bank for Reconstruction and Development/The World Bank encourages dissemination of its work and will normally grant permission promptly to reproduce portions of the work. For permission to photocopy or reprint any part of this work, please send a request with complete information to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA, Tel: 978-750-8400, Fax: 978-750-4470, www.copyright.com. All other queries on rights and licenses, including subsidiary rights, should be addressed to the Office of the Publisher, The World Bank, 1818 H Street NW, Washington, DC 20433, USA, Fax: 202-522-2422, email: [email protected] ISBN-10: 0-8213-7153-3 eISBN: 978-0-8213-7154-1 ISSN: 1726-5878 ISBN-13: 978-0-8213-7153-4 DOI: 10.1596/978-0-8213-7153-4 Cover Photo: © Bartlomiej Kwieciszewski, courtesy of BigStockPho