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Philippines: Management of Contingent Liabilities Arising from Public-Private Partnership Projects

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  • Asian Development Bank Institute

Abstract

The paper says that the government has already initiated reforms to strengthen the institutional framework for managing contingent liabilities arising from PPP projects. Among these reforms are (i) establishment of an inter-agency Contingent Liability Monitoring Group headed by the National Treasurer, (ii) setting up a Contingent Liability Division within the Debt and Risk Management Office of the Bureau of Treasury, and (iii) inclusion of the Risk Management Program in the Unprogrammed Fund of the national budget.

Suggested Citation

  • Asian Development Bank Institute, 2017. "Philippines: Management of Contingent Liabilities Arising from Public-Private Partnership Projects," Working Papers id:11726, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:11726
    Note: Institutional Papers
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    References listed on IDEAS

    as
    1. Riham Shendy & Helen Martin & Peter Mousley, 2013. "An Operational Framework for Managing Fiscal Commitments from Public-Private Partnerships," World Bank Publications - Books, The World Bank Group, number 13101, December.
    2. Xun Wu & Nepomuceno A. Malaluan, 2008. "A Tale of Two Concessionaires: A Natural Experiment of Water Privatisation in Metro Manila," Urban Studies, Urban Studies Journal Limited, vol. 45(1), pages 207-229, January.
    3. Robert C. Merton & André Perold, 1993. "Theory Of Risk Capital In Financial Firms," Journal of Applied Corporate Finance, Morgan Stanley, vol. 6(3), pages 16-32, September.
    4. Timothy C. Irwin, 2007. "Government Guarantees : Allocating and Valuing Risk in Privately Financed Infrastructure Projects," World Bank Publications - Books, The World Bank Group, number 6638, December.
    5. World Bank, 2005. "Philippines : Meeting the Infrastructure Challenges," World Bank Publications - Reports 8459, The World Bank Group.
    6. Gilberto M. Llanto, 2007. "Dealing with Contingent Liabilities: The Philippines," NBER Chapters, in: Fiscal Policy and Management in East Asia, pages 257-284, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

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