February 2017

Trade unions and campaigners from around the world are boycotting the latest World Bank consultation on PPPs

Trade unions and campaigners from around the world are boycotting the latest World Bank consultation on PPPs, due to close tomorrow (28 February).

Research shows that PPPs – agreements between the public and private sector to provide infrastructure and services normally delivered by the state – are risky and expensive and contain numerous hidden costs. Currently, most governments leave information about future debts, or contingent liabilities, out of their accounting books, making PPPs look cheaper and more efficient that traditional public procurement.